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Italian drinks maker Campari Group has acquired a 14.6% stake in Capevin Holdings, a South African owner of whisky producers, for £69.6 million in cash. This acquisition includes single malt scotch brands like Bunnahabhain, Deanston, and Tobermory. The deal, valued at approximately $92 million, signifies a potential resurgence in alcohol industry mergers and acquisitions, which have been relatively quiet recently. Additionally, Campari's top investor plans to buy up to $111 million in shares, citing market value. Campari is also expected to win back drinkers with a marketing binge.
Campari’s Top Investor to Buy Up to $111 Million in Shares, Citing Market Value https://t.co/RzU4ZIfxj7
Nearly two months after filing for bankruptcy, major wine corporation Vintage Wine Estates has agreed to sell most of its California wineries. The assets were largely split between two major buyers, both billionaires. https://t.co/QNTpsQWQvo
Nearly two months after filing for bankruptcy, major wine corporation Vintage Wine Estates has agreed to sell most of its California wineries. From @jesslander: https://t.co/Jev9J9RJRU
