Treasury Wine Estates Acquires Daou Vineyards For Up To $1 Billion

In case you missed yesterday’s news alert, Treasury Wine Estates has bolstered its luxury portfolio with a deal to acquire Paso Robles-based Daou Vineyards for up to $1 billion. Daou has been among the fastest growing brands in the industry recently, rising from 305,000 cases in 2019 to 590,000 cases last year, according to Impact Databank. For Treasury, the move enhances its range in the $20-$40 price point. Here’s the full story.

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