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Treasury Wine Estates buys Daou Vineyards; Wildling Museum to launch George Rose photo exhibit
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Treasury Wine Estates buys Daou Vineyards; Wildling Museum to launch George Rose photo exhibit
On October 30, 2023, Treasury Wine Estates, the company which also owns Penfolds and Beringer, announced the acquisition of California’s Daou Vineyards.
It took six months to buy Daou Vineyards. Shareholders will judge the wine CEO’s tenure by how well he can turn the business into a brand like Penfolds.
With its purchase of Daou Vineyards, the giant Treasury Wine Estates is looking to turn the brand into another Penfolds. Read the latest wine news & features on wine-searcher
CEO Tim Ford wants to turn the Californian luxury brand Daou Vineyards into a global player like Penfolds.