Davide Campari-Milano N.V. (CPRM.XC)
- PR Newswire
THE GLEN GRANT UNVEILS "THE GLASSHOUSE COLLECTION": A NEW PRESTIGE RANGE FEATURING THE OLDEST AGED SINGLE MALT SCOTCH WHISKIES IN THE PERMANENT PORTFOLIO
The Glen Grant Single Malt Scotch Whisky, nestled in the heart of Speyside, today unveils The Glasshouse Collection: a new prestige range featuring the oldest aged expressions ever in the distillery's permanent collection. The Glen Grant 21-Year-Old is joined by The Glen Grant 25-Year-Old and 30-Year-Old Single Malt Scotch Whiskies to form a collection of rare single malts which celebrate the unparalleled aging of whiskies from the over 180-year-old distillery.
- Reuters
Russian court sides with Campari in Aperol distributor lawsuit
MOSCOW (Reuters) -A Russian court has banned a local distribution company from importing and selling Campari's trademarked Aperol drink in the country in a case brought by the Italian spirits group, court documents showed. Campari has said it is maintaining purely commercial activities in both Russia and Ukraine, without giving further details. Court documents from a hearing held in the city of Rostov-on-Don stated that Master-Trade had been prohibited from unauthorised imports and sales of Aperol, the popular orange-coloured aperitif.
- Reuters
Courvoisier deal leaves bitter taste as Campari shares slip
MILAN (Reuters) -Campari shares fell as much as 6% early Friday on news it will spend $1.2 billion to buy French cognac brand Courvoisier - the Italian spirits group's biggest deal yet, but one that will hurt its profit margin in the short term. Campari has a track record of breathing new life into declining brands, analysts said, adding the deal made sense. But Courvoisier will initially take around 80 basis points off the group's gross profit margin, according to executives, while Campari will fund the high price tag via a mix of cash, debt and equity.
