California wine manufacturer E. & J. Gallo Winery has acquired a bourbon brand based in Kentucky, Four Roses, in a deal reportedly worth up to $775 million. This acquisition comes after the company laid off around 100 jobs and shuttered its Napa Valley production facility. The transaction is part of a broader effort to revitalise its empire after mass layoffs and loss of staff at several labels. The acquisition of Four Roses comes as Gallo attempts to diversify its portfolio, focusing on the premium spirits market and the increasing appeal of the international market.