Norton Safeweb

Monday, June 6, 2016

Changes for Treasury Wine Estates

Treasury is based in Australia, but has a big presence in the U.S. A year ago it appeared they might sell off their American operations. Instead they surprised many people by purchasing the wine holdings of Diageo, another big drinks corporation.

Treasury owns the likes of Beringer and Stags Leap in Napa plus Chateau St. Jean in Sonoma and a bunch more. From Diageo they got Beaulieu and Sterling in Napa along with other high-end wineries.

Now that they've merged Treasury is making cost-cutting measures. The consolidation includes moving the wine making out of Chateau St. Jean in Sonoma Valley and combining it with Beringer in Napa Valley. St. Jean has been in operation since the early 1970s. Their current winemaker, Ms. Staaveren, has been there for a number or years.

This transition will take a year or two and it's unknown how much of the Chateau St. Jean wine making staff will make the trip over to Beringer. The other, bigger unknown, is if this might eventually affect the quality of their wines.