Campari sells Cinzano to Caffo Group 1915
Campari is offloading vermouth brand Cinzano to fellow Italian distiller Caffo Group 1915 for €100m ($117.2m).
The Aperol owner has been prepared to sell 'non-core' assets to devote more resources to brands the company deems have stronger prospects.
Under the terms of the deal, Caffo Group 1915, the owner of the bitters brand Vecchio Amaro del Capo, is also buying Cinzano's sparkling wines, as well as the Frattina grappa and sparkling wine business.
Campari CEO Simon Hunt, who joined the group in January, said: 'The sale of Cinzano vermouth and sparkling wines and Frattina businesses marks a key step in our strategy of streamlining our portfolio via disposals, allowing us to increase our commercial and marketing focus on our key core brands.'
In October, after a set of third-quarter results that missed forecasts, the Appleton rum owner set out plans to cut costs and sell non-core brands.
Campari wants to provide more resources to its 'core priority brands', which sit under four Houses of Brands – the House of Aperitifs, House of Whiskey and Rum, House of Tequila and House of Cognac & Champagne.
Last year, Cinzano and Frattina generated combined net sales of €75m, Campari said. Group net sales reached €3.07bn in 2024. The company pointed to the assets' 5% CAGR over the last four years.
The deal with Caffo Group 1915 excludes production facilities in Italy and Argentina, where Campari also manufactures other brands.
The companies expect the transaction to be finalised by the end of the year. They will then enter into a 'transitional manufacturing agreement' in Italy and Argentina and temporary distribution deals that will see Campari handle Cinzano products in markets including Argentina, Spain, Mexico, Russia, South Korea and South Africa.
Caffo Group 1915 CEO Sebastiano Caffo described the acquisition as 'an important step in our international growth journey'.
He added: 'Cinzano, a historic and iconic brand, will be pivotal to accelerate our international expansion, expanding immediately our footprint in more than 100 markets. We believe that our long-standing experience in alcoholic beverages and our consolidated and far-reaching sales network will enable us to fully exploit the brands potential, starting with their relaunch in Italy.'
"Campari sells Cinzano to Caffo Group 1915" was originally created and published by Just Drinks, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Monaco hold talks with Barcelona's Marc-André ter Stegen
AS Monaco have held talks with Barcelona's Marc-André ter Stegen (33) regarding a move, according to a report from L'Équipe. The Principality club have cast their net far and wide this summer in their search for a new No.1. Monaco's CEO, Thiago Scuro, confirmed upon the conclusion of the Ligue 1 season that a new goalkeeper was sought after after the current options, Radoslaw Majecki and Philipp Köhn, failed to convince over the duration of the campaign. Advertisement David De Gea was considered before he renewed at Fiorentina. Djordje Petrovic and Marcin Bulka have also been linked with Monaco, as have Torino's Vanja Milinkovic-Savic and Trabzonspor's Ugurcan Çakir. The latter represents a more feasible option, financially. Ter Stegen, who has recently seen stiff competition arrive at Barcelona in the form of Joan Garcia, is an option. L'Équipe even understands that talks were recently held with the German international, whose contract with the Catalan club runs until 2028. GFFN | Luke Entwistle
Yahoo
an hour ago
- Yahoo
Johnson & Johnson's (JNJ) IMAAVY Demonstrates Superior gMG Control
Johnson & Johnson (NYSE:JNJ) is one of the 12 stocks that will make you rich in 10 years. On June 23, J&J announced new data from an indirect treatment comparison (ITC) study. The data show that the company's drug, IMAAVY (nipocalimab-aahu), demonstrated consistent and sustained disease control in patients with generalized myasthenia gravis (gMG) compared to other approved FcRn blockers. The findings were presented at the European Academy of Neurology (EAN) 2025 Congress in Helsinki, Finland. Gil C/ According to the findings, IMAAVY showed a comparable onset of symptom relief at Week 1. The drug demonstrated consistent and sustained disease control over multiple timepoints up to 24 weeks. More importantly, IMAAVY showed greater or statistically significant improvement in Myasthenia Gravis Activities of Daily Living (MG-ADL) scores compared to the published Phase 3 data of other FcRn blockers. The drug received FDA approval on April 30, 2025, for adults and pediatric patients aged 12 and older with anti-AChR or anti-MuSK antibody-positive gMG. This makes IMAAVY the first and only FcRn blocker approved for both antibody types, covering ≥90% of antibody-positive gMG patients. Johnson & Johnson (NYSE:JNJ) is a global healthcare company. It develops, manufactures, and sells pharmaceuticals and medical devices through two main segments: Innovative Medicine and MedTech. Its key pharmaceutical products include Darzalex, Stelara, Tremfya, and Carvykti, while its MedTech offerings span surgical technologies, orthopedics, and vision care. While we acknowledge the potential of JNJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Could Buying AST SpaceMobile Stock Today Set You Up for Life?
AST SpaceMobile is building out a satellite-based cellular network. The company is partnering with cell phone giants and not competing with them. The stock is at an important inflection point, but Wall Street is pricing in a lot of good news. 10 stocks we like better than AST SpaceMobile › AST SpaceMobile (NASDAQ: ASTS) is an exciting stock. It has such an interesting story backing it that some investors might wonder if buying in now could help to set them up for life. That is possible, but there's one small problem that you need to consider before stepping in here. This is what you need to know about AST SpaceMobile before you buy it. AST SpaceMobile operates a satellite-based broadband cellular network. It is really just starting to build out that network, but it has some of the most important markets covered. That list includes the United States, Europe, and Japan. When it actually turns the network on, it should be ready to hit the ground running. One of the key features of AST SpaceMobile's business model is that it is working in partnership with some of the world's largest telecom companies. That list includes both AT&T and Verizon Communications. These providers have massive customer bases, to which they will market AST SpaceMobile's service as an add-on. The benefit is that satellite access, using a customer's existing cellphone, ensures phone service in virtually all locations. The longer-term goal for AST SpaceMobile is to provide worldwide coverage. Essentially, with no additional outlay for technology, a cellphone customer will eventually be able to ensure they have access to the internet and communications networks the world over. All it will require to take advantage of that "insurance" is a monthly fee, though there are also likely to be other options for those who only need such coverage for a short duration of time. This is a compelling story and hints that there could be a huge amount of growth ahead. That will first come from simply rolling out the service in currently covered regions. But then it will expand as AST SpaceMobile's satellite network grows over time. So that's the glass-half-full view of things, and it is a compelling story for investors to consider. But there are always caveats to think about, and there are two big ones with AST SpaceMobile. First, launching satellites into space is not a cheap or easy thing to do. Execution will be very important. However, AST SpaceMobile only directly controls just so much of its business on this front. Even if it can build new satellites at a rapid clip, it has to get them launched into space by a third party. It's possible for spaceships to blow up, destroying their contents. A big disaster on that front would be a costly setback for AST SpaceMobile, even though it had little control over the outcome of the launch event. And that assumes that AST SpaceMobile executes very well on what it can control, which isn't a given. Second, and perhaps more worrying, is the fact that Wall Street is clearly aware of the opportunity AST SpaceMobile presents. The stock is up more than 400% over the past year, and by nearly 600% over the past three years. Even as the stock has risen in meteoric fashion, the company still has yet to turn a profit. It looks like Wall Street may already be pricing in a lot of good news here. In fact, the recent stock price advance has been so swift that it hints that investors may have gotten a little overenthusiastic about the company's prospects. Sure, the long-term opportunity could be huge, but how much of that appeal has already been baked into the share price? A price-to-earnings ratio of roughly 20 would require earnings of around $2 per share, which seems like an unlikely outcome over the near term given the large need for capital investments (to build and launch additional satellites). So there's no question that AST SpaceMobile, assuming it executes well, has a very attractive story behind it. That's not the problem with the stock. The problem is that Wall Street often gets a story in its teeth and runs too far and too fast with it. That seems like it might be happening with AST SpaceMobile right now. If you buy it, remember that it is still just a start-up company. You may have to stick around for a long time to benefit given the swift price advance already experienced by the shares. Worse, you may have to sit through a deep drawdown if there are any setbacks, or if the business doesn't develop quickly enough for Wall Street. In other words, AST SpaceMobile is probably only appropriate for more aggressive investors with a very long-term investment horizon. Before you buy stock in AST SpaceMobile, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AST SpaceMobile wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. Could Buying AST SpaceMobile Stock Today Set You Up for Life? was originally published by The Motley Fool Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
