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Complex history behind Treasury's turnaround
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Treasury Wine Estates traces its roots back to the establishment of Penfolds in Adelaide, South Australia, in the mid-1840s, and the founding of Beringer Vineyards in the Napa Valley in 1876. Penfolds was eventually acquired by Southcorp, and over time, Beringer acquired other wineries, too, including St. Clement, Stags’ Leap Winery and Etude in Napa Valley and Chateau St. Jean and Chateau Souverain in Sonoma County and Meridian in Paso Robles.