Italy: Campari sells Carolans and Irish Mist to Heaven Hill Brands
Campari, the Italian wine and spirits firm, has announced that it has reached an agreement to sell the Carolans and Irish Mist liqueur brands to Heaven Hill Brands, America’s largest independent family-owned and operated distilled-spirits company, for $165 million. According to Campari, the sale of 100% of the share capital was made through TJ Carolan […]
Italy: Campari acquires Bulldog Gin
Italian spirits company Gruppo Campari has announced the acquisition of Bulldog London Dry Gin, an independently owned brand, for $55 million (€50.9 million) plus working capital and assumed liabilities for $3.4 million. Campari has been distributing the premium gin since 2014 through its own distribution channels as part of a five-year agreement, with the option […]
Italy: Campari divests Italian still wine businesses
Campari, the Italian wine and spirits firm, has announced its exit from the Italian still wine business with an agreement for the sale of 100% of the share capital of Sella & Mosca and Teruzzi & Puthod to wine seller and distributor Terra Moretti. Based in Sardinia, Sella & Mosca is one of the largest wine estates […]
Italy: Campari to buy Grand Marnier distribution business – reports
Italian spirits firm Campari is to acquire the worldwide distribution of the French orange-flavour cognac liqueur Grand Marnier, according to a Bloomberg article quoting “a person familiar with the process”. Currently, global distribution of Grand Marnier is shared by a number of different firms, namely champagne distiller Moet Hennessy and British spirits firm Diageo, along […]
Italy: Campari to sell Casoni Fabbricazione Liquori
Campari, the global alcoholic drinks firm, has announced that it has agreed to sell Casoni Fabbricazione Liquori, an Italian company wholly owned by Fratelli Averna. Casoni became part of Campari following the acquisition of Fratelli Averna in 2014. The firm, which specializes in private label alcoholic beverages and co-packaging activities, will be sold to a […]
USA: Campari America launches Skyy Barcraft vodka
Campari America, the American subsidiary of Davide Campari-Milano S.p.A, has expanded its Skyy vodka line-up with the launch of a range of flavoured vodka called Skyy Barcraft. The new launch is said to be aimed at meeting consumer demand for craft cocktails at home “but without the multiple steps and hard-to-find ingredients”. Skyy Barcraft, as […]
Italy: Campari nine-month profit down by a fifth
The Italian beverage company Campari has closes its third financial period ending 30th September 2014, reporting a decline in group profit before tax of 21.8% but marginal growth in revenues. For the first nine months of the year, Campari reported that group net sales reached € 1,060.5 million ($1,321.7 million), up 0.8%, with organic growth […]