McGuigan owner Australian Vintage dumps CEO over ‘conduct’ issues

Simon EvansSenior reporter

Updated May 5, 2024 – 4.27pm, first published at 1.37pm

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The chairman of McGuigan owner Australian Vintage says the axing of chief executive Craig Garvin for conduct that showed a “lack of judgment” will have no impact on prospects for a merger with Accolade Wines to create an enlarged No. 2 industry giant.

Fund managers were surprised at the turmoil at the top, amid speculation that it could potentially derail a deal.