Treasury Wine Estates Limited (TWE.AX)

Treasury Wine Estates announces acquisition of fastest growing luxury wine brand in the United States, DAOU Vineyards¹

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. This transformative deal will accelerate TWE's focus on a portfolio that is increasingly luxury-led with a greater presence in key growth markets suc