Australia’s No.2 wine group, owned by private equity giant Carlyle, is generating strong growth in prosecco and is annoyed at the EU move.
, has joined the fight to save the local $200 million prosecco industry as the European Union restarts attempts to stop Australian producers from using the name.
A spokesman for Accolade said the group would be making a submission to a public objections process running until April 21 as negotiations occur between Australia and the EU under a new Australia-European Community Agreement on Trade in Wine. is another significant player in the King Valley in north-east Victoria, regarded as the centre of Australia’s prosecco industry.Brand manager Natalie Pizzini said the company, founded by parents Fred and Katrina in 1978, was frustrated that the issue had arisen again.There was much more at stake for the Australian wine industry than just the term prosecco. If this EU push was successful, other grape varieties such as sangiovese and montepulciano could also be under threat, she said.
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