Pernod Ricard NZ (formerly known as Montana NZ) announced today that it has today entered into an agreement to sell selected wine brands and assets to Lion Nathan NZ (now Japanese owned) .
The sale includes five brands in the company’s sparkling wine portfolio (Lindauer, Aquila, Bernadino, Chardon, and Verde). Plus seven brands in its still wine portfolio including: Bensen Block, Corbans, Huntaway, Jackman Ridge, Riverlands, Saints and Timara.
Looks a tad like a fire sale when the wine industry is in recession mode. And kind of ironic with so many NZers getting heated up about sales of our rural assets to foreign owners. Here we are with three of the top 4 wineries foreign owned: Montana (Pernod Ricard), Nobilo (Constellation USA), Matua (Fosters AUS).
An iconic export brand - Lindauer is being passed along.