Italy: Caffo Group to buy Valle Talloria site from Italian Wine Brands
Italian Wine Brands has announced that its subsidiaries, IWB Italia and Giordano Vini, have signed a binding offer with the Caffo Group to sell the Valle Talloria (Diano d’Alba) business unit. As part of the agreement, the Caffo Group will transfer production operations and the historical archives of the Cinzano brand to this business unit. […]
Italy: Caffo Group acquires Cinzano vermouth, sparkling wines from Campari
Italian spirit group Campari has agreed to sell its Cinzano vermouth and sparkling wine business, along with Frattina grappa and sparkling wines, to the privately-owned Italian firm Caffo Group in a €100 million ($117 million deal). This strategic move aligns with Campari’s plan to streamline its brand portfolio by offloading non-core assets, the company said in […]