Treasury Wine Estates Ltd., Melbourne, Australia, has reached an agreement to acquire DAOU Vineyards, the acclaimed luxury wine business founded by brothers and co-proprietors Georges and Daniel Daou for an upfront consideration of $900 million, plus an additional earn-out of up to $100 million.
Lawrence Wine Estates' acquisition marks first in Europe to join portfolio
November 1, 2022
The Lawrence Family, owners of Napa Valley's Heitz Cellar and Managing Partner and Master Sommelier Carlton McCoy Jr., announced the acquisition of Château Lascombes. This marks Lawrence Wine Estates’ first acquisition in Europe joining a portfolio, which includes Burgess, Heitz Cellar, Ink Grade and Stony Hill Vineyard.
Inglenook, Domaine de Broglie Winery and vineyard remains owned by Coppola Family
June 24, 2021
Delicato Family Wines, Napa, Calif., and Francis Ford Coppola Winery announced that they will come together under one roof, strengthening the families' legacies. Under the terms of the agreement, the Francis Ford Coppola wine portfolio and two facilities anchored in Sonoma County, the Francis Ford Coppola Winery and the Virginia Dare Winery located in Geyserville, including the Archimedes Vineyard, will join Delicato.
Acquisition furthers company’s focus on younger wine drinkers
January 4, 2021
O'Neill Vintners & Distillers, Paso Robles, Calif., announced the acquisition of Rabble Wines, also in Paso Robles, Calif. Founded by longtime Paso Robles vineyard manager Rob Murray in 2010, Rabble Wines produces premium, Paso Robles AVA wines with disruptive labels born from wines' struggle with Mother Nature, it says. The acquisition signals another investment by O'Neill Vintners & Distillers in the burgeoning market for younger wine drinkers.
Jeff Nicholson brings investment expertise to winery
January 2, 2019
Vintage Wine Estates, Santa Rosa, Calif., has appointed Jeff Nicholson to the new role of chief operating officer. Most recently, Nicholson was an operating partner at AGR Partners. AGR Partners is an investment firm dedicated to food and agribusiness who acquired a minority equity stake in Vintage Wine Estates in April 2018. Nicholson will continue to be on the Advisory Board for AGR Partners.
St. Helena, Calif.-based Sill Family Vineyards announced it acquired the Ardente Estate Winery, an Atlas Peak AVA Napa winery. The property consists of 24.4 acres within the fabled Atlas Peak appellation, it adds.
Healdsburg, Calif.-based Flanagan Wines announced the purchase of the former Everett Ridge Winery in Dry Creek Valley. Last year, the company purchased two Sonoma Coast Pinot Noir vineyards, it says. The most recent investment in a new winery solidifies the company’s ability to meet the growing demand for its wines, it says.