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.
The picturesque Moselle Valley in Luxembourg is well known and firmly established as a preferred destination for discerning wine enthusiasts. Now – more and more – Crémant de Luxembourg is claiming a greater share of the spotlight.