Campari chief’s sudden departure sets drinks industry fizzing

The drinks group has been busy with mergers and acquisitions, but the CEO’s exit after only five months has left analysts scratching their heads

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Campari Group Acquires Spirits Importer Trans Beverages - Just …

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Dec 19, 2024 · Campari Group has acquired outright Trans Beverages, a South Korean spirits importer and marketer. Stay informed for just £1! Subscribe to Just Drinks for unbiased …

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Campari CEO 'open' To Whiskey Deals - The Spirits Business

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Nov 7, 2022 · Last week, Wild Turkey owner Campari Group revealed it had agreed to acquire a 70% stake in Kentucky-based Wilderness Trail Distillery for US$420 million. The company has …

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Campari Eyes “transformational” Deals To Aid Growth - Just Drinks

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Mar 3, 2023 · Campari’s two biggest deals have both come in the past decade, with the group adding 70% of Kentucky Bourbon producer Wilderness Trail to its portfolio for $420m in …

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Campari Names Simon Hunt CEO - The Spirits Business

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Dec 4, 2024 · Campari Group recently reported a sales drop of 1.4% in the third quarter of 2024. The group has also created several new divisions to house its brands: the House of Cognac & …

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Year-to-date Stays Positive For Campari Group But Q3 Turns Red ...

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Oct 30, 2024 · Sales from three months to end of September down 1.4% at EUR753.6m (US$814.4m)First nine months of 2024 see sales increase 2.1% to EUR2.28bnNon-core brand …

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FAQs about Campari chief’s sudden departure sets drinks industry fizzing Coupon?

Should Campari Group takeover?

The CEO of Italy’s Campari Group has said he is actively looking for a takeover to support its business expansion, with shareholders set to play a key part. Chief executives of the major international drinks firms have suggestions for takeovers and mergers passing across their desks on an almost daily basis. Most they discard. ...

Will Campari seek further M&A opportunties after acquiring Courvoisier?

MILAN, May 7 (Reuters) - Campari (CPRI.MI) 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. ...

Could Campari buy a new company?

Funding a major acquisition is unlikely to be a problem. While Campari’s net debt level has moved up in the past year to 2.4 times earnings before interest, taxes, depreciation and amortisation, that is not high by industry standards, so borrowing would be a possibility. But Campari can also call on its shareholders. ...

Who has been nominated for the CEO of Campari Group?

Campari’s board of directors nominated Hunt for the CEO position following a ‘thorough assessment’ of internal and external candidates. Campari Group recently reported a sales drop of 1.4% in the third quarter of 2024. ...

What brands does Campari Group own?

The group has also created several new divisions to house its brands: the House of Cognac & Champagne; the House of Aperitifs; the House of Whiskey and Rum; and the House of Tequila. ‘Extensive industry experience’ Luca Garavoglia, group chairman, welcomed Hunt to Campari Group. ...

How did Campari Group perform in Q3 2024?

Campari Group recently reported a sales drop of 1.4% in the third quarter of 2024. The group has also created several new divisions to house its brands: the House of Cognac & Champagne; the House of Aperitifs; the House of Whiskey and Rum; and the House of Tequila. ‘Extensive industry experience’ ...