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Defying conventional expectations, they created the first luxury wine from the Paso Robles wine region: Patrimony, a Cabernet Sauvignon that averages around $300 a bottle.
Here’s what fans of Daou Vineyards should expect after the blockbuster sale.
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.
Georges Daou left tech and founded Daou Vineyards with his brother Daniel. Now Australia’s largest winemaker wants to take their products to the world.
Treasury Wine Estates called the company “the fastest-growing luxury wine brand in the United States.”