AusVintage turmoil may strengthen Accolade’s hand: Allan Gray
Simon EvansSenior reporter
The largest shareholder in Australian Vintage is concerned that Accolade Wines will be dealt the upper hand in merger negotiations because of management upheaval at the McGuigan owner.
Simon Mawhinney, managing director of Allan Gray, which holds a 17 per cent stake in Australian Vintage, also said the company’s chairman owes shareholders a more detailed explanation about the sudden exit of Craig Garvin as chief executive on Friday.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Agriculture
Fetching latest articles