AusVintage turmoil may strengthen Accolade’s hand: Allan Gray

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.