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Davide Campari-Milano NV (58H.MU)
- Reuters
Campari has taste for more M&A after Courvoisier deal, new CEO says
Campari will seek further M&A opportunties after completing the buyout of French cognac house Courvoisier, the new head of the Italian drinks group said on Tuesday. The group completed the 1.22-billion euro ($1.3 billion)acquisition of Courvoisier last week, earlier than expected by analysts. It was the largest ever deal for Campari, whose brands include the Aperol aperitif, Espolon tequila and Wild Turkey whisky.
- Reuters
UPDATE 3-Campari has taste for more M&A after Courvoisier deal, new CEO says
Campari will seek further M&A opportunties after completing the buyout of French cognac house Courvoisier, the new head of the Italian drinks group said on Tuesday. The group completed the 1.22-billion euro ($1.3 billion)acquisition of Courvoisier last week, earlier than expected by analysts. It was the largest ever deal for Campari, whose brands include the Aperol aperitif, Espolon tequila and Wild Turkey whisky.
- Reuters
Campari CEO signs off with profit increase, bright outlook
MILAN (Reuters) -Demand for aperitifs, tequila and bourbon helped Italian spirits group Campari to deliver higher operating profit last year as it prepares for a change of CEO and to digest its largest ever acquisition. Despite economic slowdowns putting the brakes on worldwide demand for spirits after a post-pandemic boom, the Italian group said it was optimistic about this year. "I remain confident in the strong business momentum across key brands and markets," said Matteo Fantacchiotti, who was appointed deputy CEO last year and will succeed current Chief Executive Bob Kunze-Concewitz who steps down in April after almost 17 years at the helm.
