The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Accolade Wines has reached an agreement to sell its Nannup winery to Western Australian company Fogarty Wine Group, for an undisclosed sum. Accolade Wines’ Houghton and Brookland Valley brands will continue to be produced at the Nannup winery – located southeast of Perth – and at Fogarty Wine Group's Margaret River sites. The agreement will also enable both companies to explore opportunities for further cooperation around Australia. Fogarty Wine Group's portfolio includes Dalwhinnie, Lake’s Folly, Deep Woods Estate and Evans & Tate. Accolade Wines CEO Robert Foye said: "Through our agreement, Accolade Wines will have access to the Fogarty Wine Group’s ultra-premium wineries and a broader suite of assets in Western Australia and nationally, delivering opportunities across our combined networks for our brands and businesses”. Peter Fogarty, Fogarty Wine Group founder and executive chairman, added: "We welcome the opportunity to create this long-term relationship with Accolade Wines as we both have strong brands in Western Australia and a growing presence in Tasmania". He continued: "Our businesses share a commitment to making some of the best-value wines alongside some of the very best ultra-premium cabernets and chardonnays that Margaret River and Australia produce. We see this new relationship as providing synergies in processing while further improving the quality of all our wines."