HomeEconomyThe Italian Campari Group...

The Italian Campari Group announced the sale of Cinzano

Photo: Getty images

The agreement provides for all intellectual property, stock of finished products, labor equipment and other relevant property.

The Campari Group joined the production of Cinzano Vermouth and Sparkling Wines by a private Italy company for the manufacture of Alcohol Caffo Group 1915 (owned by the Bitter Amaro del Capo Brand). This was announced the day before the Campari press service.

It is indicated that the sale also includes the frattina business business.

“This transaction has marked the significant development of the announced approach to the Campari Group and its obligations to optimize the portfolio by selling non -core brands to strengthen commercial and marketing concentrations in the main business of alcoholic beverages, overall alleviation of operational activities and reduce the loading of debt,”

The transaction provides for a contribution to the recently created company Cinzano and Frattina Enterprises, including all intellectual ownership, stock of finished products, some labor equipment, contractual relations, as well as other relevant properties. Production capacity in Italy and Argentina, where the Campari Group also produces other brands, are not included from the perimeter of the transaction.

The closure of the transaction, the value of which is 100 million euros, is expected until the end of 2025.

In 2024, the net sales of Cinzano and Frattina reached 75 million euros. The average annual growth rate in the last four years is worth 5%. Their part in the total sales of the Campari Group is 2%.

Earlier it was found that Google wanted to buy a wiz of $ 32 billion. Acquisition will be the largest in the history of the alphabet, the Google’s mother company.

Canada’s oldest company is on the verge of closing

News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Lettl is something new: a blow to a teenager Dnipra is quoted in the air forces

The military -air forces commented on the Dnieper blow on the afternoon of June 28. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } On Saturday, monitoring channels reported a hit...

Ended in the time of a night attack in Odessa was a teacher and his husband (photo)

In Odessa, the teacher and social pedagogy of the Mikhailovsky lyceum Katerina Bosinskaya and her husband Valentine were killed as a result of shelling. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

Mathematics from them have stood: Standed results NMT-2025 Images

This year, more than 284 thousand participants out of 312 thousand thousand took part this year. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } At the same time, the largest...

Zelensky called the decision CCU, which ruined his work

President of Ukraine Volodymyr Zelensky appointed a judge of the Constitutional Court by his quota and, thus, unlocked the work of CCU. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

On the DNE in the Atlantic Ocean, the pain of chickens with radioactive departments was observed

The international group of scientists discovered more than a thousand nuclear barrels in the north -east of the Atlantic Ocean. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } According to...