Australia's Treasury Wine Estate buys Diageo's wine holdings


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From the BBC: Australia’s Treasury Wine Estates (TWE), has agreed to buy the majority of Diageo’s wine businesses for $552m (£361m).

Diageo owns/owned Chateau & Estates (one of the largest US-based wine importers), Beaulieu Vineyards, Sterling Vineyards, Rosenblum Cellars, Chalone, Blossom Hill, and more.