Treasury Wine Estates has agreed to acquire Daou Vineyards for up to $1 billion, as it looks to accelerate its focus on luxury wines. The Penfolds owner said late yesterday that the deal for the Pasa Robles-based business includes an upfront consideration of $900 million, plus an additional earn-out of up to $100 million. Daou was founded in 2007 by brothers and co-owners Georges and…

Carlsberg Marston’s Brewing Company (CMBC) has announced plans to invest around £10 million in upgrading its Northampton brewery. The spend will see increased capacity for its glue dot packaging solution, Snap Pack, as well as reduce its water usage and upgrade canning facilities. Upgrades are expected to go live in the first three months of 2024. Snap Pack was introduced in 2018 in an effort…

Asahi UK has rolled out a new campaign for its Italian beer brand, Peroni Nastro Azzurro, as it looks to highlight year-round appeal. The advert, Live Every Moment, All Year round, is being supported by a “significant investment” in the UK, where it is currently airing in cinemas.   London will see a focused campaign in December, with a London bus takeover, the brewer said.

Brewer Innis & Gunn has said there are no plans to sell up, after a news report suggested a sale could be on the cards. The report, from Daily Business, came after the company’s AGM last week. Neil Sharp, marketing manager at Innis & Gunn, told Drinks Retailing: “There are no plans to sell the company, nor was this a topic that…

English canned wine producer The Uncommon has seen record yields, coupled with a rise in off-trade sales.   After its initial launch in 2018, which saw the release of a white sparkling produced using 5 tonnes of Bacchus grapes, The Uncommon is now on course to press around 400 tonnes of grapes this harvest season, both from its Kent vineyard and its growing partners. …

The managing director of glass manufacturer and bottler, Encirc, has decided to leave the business. Adrian Curry, who has been MD for 19 years and with the business for 27, will leave at the end of the year. Curry will be replaced by finance director Sean Murphy, who will assume the MD role on an interim basis. Murphy has worked for Encirc for 19 years,…

C&C Group has reported a drop in operating profits for the six months to August 31. The company said today that operating profits were down 42.8%, to €30.5 million. The fall, which is in line with last month’s trading update, was driven by a c.€22 million impact from the implementation of its Enterprise Resource Planning (ERP) software system. According to C&C, service…