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Billion-dollar operation in luxury wines

Australian Treasury Wine Estates acquires the american Daou

Great manoeuvres in wine luxury in the Australia-Usa axis. Treasury Wine Estates, the Australian wine production and distribution company based in Melbourne (formerly the wine division of the international beer company Foster’s Group) is acquiring the US wine company Daou Vineyards. The deal is one of several zeros: the agreement, in fact, provides for an initial fee of 900 million dollars, plus an...

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EFA News - European Food Agency