Australian Vintage reveals big plans for a little wine with $128m refinancing

Australian Vintage has secured $128 million to refinance its structural debt for the next two years, with an option to extend into 2029.

This includes $5 million to support format-based wine innovation, Poco Vino, as it expands globally, with a focus on the US in the second half of fiscal year 2027.

The range itself will also “more than double” in the next financial year with eight new SKUs, including a full sparkling portfolio of Moscato, Prosecco and various flavoured Spritzes.

Australian Vintage has also teased a premium Poco Vino range – Atlas Series – that will launch in Global Travel Retail at $25 per 187ml bottle.

The ASX-listed supplier told shareholders on Wednesday that the changes “will ensure the continued momentum and success of Poco Vino as the sales will exceed $20 million in annualised run rate into FY27.”