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Description of the company
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NEWS
Just in time for Thanksgiving: a mezcal made with…turkey
2022-11-19
Searching for the perfect Thanksgiving sip? It might be time to try a little turkey-flavored mezcal.
Davide Campari-Milano price target lowered to EUR 10 from EUR 11.90 at Credit Suisse
2022-11-01
Credit Suisse analyst San... DVDCF
UPDATE 1-Italy's Campari builds up bourbon business with $600 million Kentucky deal
2022-10-31
Italian spirits group Campari said on Monday it had reached an agreement to buy an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon offer. Under the agreement, Campari has an option to buy the remaining 30% of the Kentucky-based producer of bourbon and rye whiskey in 2031. The deal implies a current enterprise value of $600 million, which makes it the second biggest acquisition for the Italian group after it bought Grand Marnier in 2016.
Wilderness Trail Bourbon to Be Sold to Italy’s Campari at $600 Million Valuation
2022-10-31
(Bloomberg) -- Davide Campari-Milano NV is buying a majority stake in US bourbon maker Wilderness Trail Distillery LLC, as the Italian aperitif specialist continues its strategy of diversifying and growing through acquisitions. Most Read from BloombergMusk Posts Then Deletes Tweet Spreading Conspiracy Theory on Pelosi AttackLula Edges Out Bolsonaro to Win Presidency of Divided BrazilGoldman Sachs Now Sees Fed Rates Peaking at 5% in MarchTech Leads Stocks Lower as Yields Rise on Fed Week: Markets
Italy's Campari builds up bourbon business with $600 million Kentucky deal
2022-10-31
MILAN (Reuters) -Italian spirits group Campari said on Monday it had reached an agreement to buy an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon offer. Under the agreement, Campari has an option to buy the remaining 30% of the Kentucky-based producer of bourbon and rye whiskey in 2031. The deal implies a current enterprise value of $600 million, which makes it the second biggest acquisition for the Italian group after it bought Grand Marnier in 2016.
Davide Campari-Milano price target raised to EUR 8 from EUR 7.70 at RBC Capital
2022-10-31
RBC Capital analyst James... DVDCF
UPDATE 2-Campari boss says cost of living crisis not deterring drinkers
2022-10-27
Italian spirits group Campari sees no sign that concerns over inflation are deterring drinkers who still want to enjoy a night out as the winter party season looms in Europe and the United States. "We are not seeing any change in consumer sentiment in our portfolio," Campari Chief Executive Bob Kunze-Concewitz said on a call. He was speaking after Campari, whose brands also include Aperol and Wild Turkey, reported a 19% rise in sales in the third quarter, covering the key northern summer season, helped by price increases.
Campari boss says cost of living crisis not deterring drinkers
2022-10-27
Italian spirits group Campari sees no sign that concerns over inflation are deterring drinkers who still want to enjoy a night out as the winter party season looms in Europe and the United States. "We are not seeing any change in consumer sentiment in our portfolio," Campari Chief Executive Bob Kunze-Concewitz said on a call. He was speaking after Campari, whose brands also include Aperol and Wild Turkey, reported a 19% rise in sales in the third quarter, covering the key northern summer season, helped by price increases.
Davide Campari-Milano price target lowered to EUR 9.70 at Morgan Stanley
2022-10-12
Morgan Stanley analyst Pi... DVDCF
Davide Campari-Milano price target lowered to EUR 11.80 at Barclays
2022-10-12
Barclays analyst Laurence... DVDCF