Treasury Wine Estates (TWE), a number one title in world winemaking, has expanded its portfolio with the acquisition of Daou Vineyards, a Californian gem, for a staggering $1 billion. This strategic transfer is about to anchor TWE’s presence within the U.S. premium wine market.
The winery, established by Lebanese-American siblings Georges and Daniel Daou, has advanced from humble beginnings in a storage to a 400-acre property.
Their journey started in Lebanon, from the place they emigrated in the course of the civil unrest of the Seventies, ultimately discovering their ardour for winemaking in France, and later, California.
TWE’s President, Ben Dollard, acknowledges Daou Vineyards’ pivotal position of their premium technique, aligning with TWE’s imaginative and prescient to steer the premium wine trade.
The acquisition, together with $900 million upfront and $100 million performance-based incentives, displays TWE’s dedication to development amidst a shifting American client development in the direction of high-end wines.
Regardless of market challenges, together with hefty tariffs by China on Australian wines, TWE stays optimistic about world enlargement, with Daou Vineyards taking part in a vital position on this worldwide enterprise.
Associated: 14 Lebanese Manufacturers Making a Broad Influence
If you wish to study the spoken Arabic language, then head to the Lebanese Arabic Accelerator to study extra! Lebanese Arabic Accelerator