TWE buys Daou Vineyards in California for $1bn
Treasury Wine Estates has bolstered its footprint in California by agreeing a $1bn deal to acquire Daou Vineyards in Paso Robles.
Source: decanter.com
Stay updated with breaking news from Daniel Daou. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Treasury Wine Estates has bolstered its footprint in California by agreeing a $1bn deal to acquire Daou Vineyards in Paso Robles.
Treasury Wine Estates (TWE) has acquired California’s Daou Vineyards to “fill a key gap” in its Americas portfolio.
Treasury Wine Estates called the company “the fastest-growing luxury wine brand in the United States.”
Treasury Wine Estates called the Paso Robles company “the fastest-growing luxury wine brand in the United States.”
DAOU was founded by two brothers who started making wine in their garage before expanding into a 400-acre vineyard.