Oct 30, 2023 / 11:30PM GMT
Operator
Thank you for standing by, and welcome to the Treasury Wine Estates Business Update. (Operator Instructions) I would now like to hand the conference over to Mr. Tim Ford, Chief Executive Officer. Please go ahead.
Timothy Ford - Treasury Wine Estates Limited - CEO, MD & Executive Director
Thanks, operator. Good morning, everyone. Thanks for joining us. Joining me on the call today is Ben Dollard, our President of Treasury Americas based in California and Stuart Boxer, who's today our Chief Strategy and Corporate Development Officer and tomorrow, our Chief Financial and Strategy Officer. So it's appropriate, Stuart took the lead today.
It's certainly my pleasure to announce to you all today that we've agreed to acquire the highly acclaimed luxury U.S. wine brand, Daou Vineyards. Daou will no doubt be an outstanding addition to the Treasury Americas portfolio and more broadly, the TWE Group portfolio. And we strongly believe that the acquisition will deliver substantial strategic and financial benefits for TWE and its shareholders.
Daou is
Treasury Wine Estates Ltd Acquisition of DAOU Vineyards and Equity Raising - Call Transcript
Feb 15, 2024
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