Daou Vineyards will be the “Cornerstone” of TWE’s Luxury Portfolio

Dear Client: Yesterday Treasury Wine Estates announced that it reached an agreement to acquire Paso Robles-based Daou Vineyards for up to $1 billion [see WSD 10-30-2023]. TWE brass shared more color on the deal and what it means for the company moving forward during a business update call yesterday afternoon.   "This acquisition presents a unique opportunity for TWE to add a high quality luxury business of scale to our existing portfolio, as well as the significant value creation we see