Australian wine group Treasury Wine Estates plans to sell historic Australian brands such as Wolf Blass and Lindeman's to focus on its premium business.
Australian Treasury Wine Estates, which counts Penfolds among its brands, has purchased Daou Vineyards in California's Paso Robles for approximately $1bn.
Natural wines were, for a long time, associated with individual, iconoclast producers who saw the corporate wine giants as the enemy. Now one of those giants has moved onto their turf.
Treasury Wine Estates Ltd (TWE) confirms the majority acquisition of Château Lanessan in the Haut-Médoc. The move doubles the Penfolds brand's production capacity in France.
Recently-created resistant PIWI – ‘pioneering wine’ – grape varieties that take their name from the German term pilzwiderstandsfähig (fungus-resistant), are increasingly seen by viticulturists as a viable solution to emerging environmental and climatic challenges.
