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 …