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Wine Sale from Diageo to Treasury Wine Estates is a Success

just drinks post 010516Treasury Wine Estates has successfully acquired the rest of Diageo’s wine assets for a US$552m price tag. When the sale was first announced in October, it was understood that TWE would take control of US-based Chateau & Estate Wines division and Britain’s Percy Fox operations.

Diageo’s decision came on the heels of the company focusing on principal brands, namely Guinness for beer and spirits such as Johnnie Walker.

Source: Just-Drinks