PATRIMONY – How The Daou Brothers Crafted A $300 Luxury Wine From Paso Robles [Forbes]
TREASURY WINE EST S/ADR (TSRYY)
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Source: Forbes
Just look at the Daou brothers, who immigrated to the U.S. from Lebanon and France in the early 1980's with very little money in their pockets. Next they put themselves through college while working full-time jobs, and then started and sold two companies. The most recent sale was DAOU Vineyards , which was purchased by Treasury Wine Estates for just under $1 billion But the Daou Brothers didn't stop there. Defying conventional expectations, they created the first luxury wine from the Paso Robles wine region, called PATRIMONY Cabernet Sauvignon that averages around $300 per bottle. Older vintages, such as the 2014, can soar over $500 per bottle, according to Winesearcher.com . The wine consistently receives critic scores ranging from 96 to 100 points, with Robert Parker's Wine Advocate awarding the 2016 PATRIMONY an impressive 98 points. “They said we were crazy – that no one could create a world-class luxury wine from Paso Robles,” reported Daniel Daou (who still oversees all wine
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