Treasury Wine Estates (TWE), the Australian wine giant, has announced plans to divest its commercial brand portfolio, including Wolf Blass, Lindeman’s, Yellowglen and Blossom Hill. The decision is part of TWE’s ongoing restructure prioritising the Premium Brands Division, which features wines priced between A$10 ($6.60) and A$30 ($19.80). In a statement, TWE said: “Following the latest review of the carrying value of the Group’s assets as part of its annual …
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Treasury Wine Estates
Treasury Wine Estates (TWE), the Australian wine giant, has reached an agreement to acquire DAOU Vineyards, a US luxury wine brand, for $900 million. The acquisition includes the DAOU brand, DAOU Mountain Estate, four boutique luxury wineries and around 400 acres of vineyards. Commenting on the acquisition, Treasury Americas president Ben Dollard said: “We’re really excited about the opportunity for the wine category to engage new consumers, and particularly to …
Australian global winemaking and distribution business Treasury Wine Estates has reached an agreement to acquire wine business Frank Family Vineyards for $315 million. Founded in 1992 by Rick Frank, the Frank Family Vineyards has a portfolio of sparkling award-winning luxury hand-crafted wines complementary to Treasury Wine Estates offering. The acquisition includes the Frank Family Tasting Room, the Benjamin Vineyard, and the S&J Vineyard. Ben Dollard, Treasury Americas President commented, “The …
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