Beverage industry leader Campari Group has signed an agreement with to acquire a 49% interest in Tannico S.p.A. Italy based Tannico is a leading e-commerce platform for wines and premium spirits.
- The transaction structure foresees that Campari Group acquires 39% of the share capital of Tannico and simultaneously subscribes to a reserved capital increase to reach, in aggregate, a 49% shareholding.
- Tannico was founded in 2013, and is the market leader in online sales of wines and premium spirits in Italy, with a market share of over 30%.
- Tannicos offering comprises 14,000 wines from over 2,500 domestic and international wineries. In addition to wines, the offering includes highend spirits.
In November 2019, Campari Group announced that it had entered into exclusive negotiations to acquire its current French distributor Baron Philippe de Rothschild France Distribution S.A.S. (theTarget). The Target is currently 100% owned by Baron Philippe de Rothschild S.A., to which a put option was also granted by Campari Group.
In October 2019, Campari Group announces that, following the fulfilment of certain condition precedents, it has acquired from a group of Mexican entrepreneurs a controlling interest in the share capital of (i) Licorera Ancho Reyes y CIA S.A.P.I. de C.V., and (ii) Casa Montelobos S.A.P.I. de C.V..
About Campari Group
Campari Group, headquartered in Sesto San Giovanni, Italy, is a global leader in spirits industry. The company has a portfolio of over 50 premium and super premium brands, spreading across Global, Regional and Local priorities. It is a sixth-largest player globally in the premium spirits industry. The Group owns over 21 plants worldwide and has its own distribution network in 21 countries. The company employs more than 4,000 people worldwide. It trading in around 190 nations around the world with leading positions in Europe and the Americas.