News Formal

Treasury Wines buys Napa Valley company for $434 million

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 78%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Treasury Wine spent $434 million on a Napa Valley wine company in California today, according to Sky News Business Editor Ross Greenwood.

The business they have bought is Family Frank Vineyard, whose namesake was a well known Disney executive in the 1980s and 1990s.

Treasury Wine said the vineyard “fills a key portfolio gap for luxury chardonnay” as some of the wines produced sell for US$250 each.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines