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Treasury Wine Estates
-4.56%
Beverages / Winemaking and distribution
📢 Press Releases
| Date | Press release |
|---|---|
| 2023-10-30 18:26:00 | Treasury Wine Estates Announces Acquisition Of Fastest Growing Luxury Wine Brand In The United States, Daou Vineyards¹ Daou is recognized throughout the industry for its award-winning cabernet sauvignon-based patrimony wines, unique consumer profile, and benchmark-setting luxury experiences the addition of daou accelerates treasury wine estates’ premium and luxury portfolio growth strategy in the u.s. and globally, cementing its place as a global leader in luxury wine acquisition generates significant value creation opportunity, building on treasury wine estates’ and daou’s unique strengths to curate a combined luxury portfolio with worldwide expansion potential through treasury wine estates’ global distribution network and consumer expertise napa, calif. , oct. 30, 2023 /prnewswire/ -- treasury wine estates ltd (asx:twe), one of the world’s leading wine companies, today announced that it has reached an agreement to acquire daou vineyards, the acclaimed luxury wine business founded by brothers and co-proprietors georges and daniel daou for an upfront consideration of $900 million, plus an additional earn-out of up to $100 million. |
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