Treasury Wine Estates (TWE) has acquired California’s Daou Vineyards to “fill a key gap” in its Americas portfolio. The $900m deal, which could rise to $1bn under an earn-out clause, is expected to close by the end of the year, subject to US anti-trust approval. It will see TWE take 100% of Daou Vineyards, including three wineries and 389 acres of vineyards across Paso Robles, and a winery and 22 acres of vines in San Luis Obispo.
Tour the 12-bedroom and 18-bathroom 24,325 square-foot Ridgedale Drive estate. Standing proudly on 1.2 acres in the heart of California’s Beverley Hills is this charming estate spanning multiple structures. Located in one of Los Angeles’ most exclusive neighborhoods, superstars Ben Affleck and Jennifer Lopez leased the property for almost two years before purchasing their permanent home.
You’ve no doubt heard of quiet luxury when it comes to clothing (simple, high-quality pieces with timeless appeal). But this understated look is also taking root in the home—and when it mixes with modern farmhouse design, this home decor is an absolute winner.
