LVMH Moët Hennessy - Louis Vuitton, Société Européenne and Davide Campari-Milano N.V. acquired acquired 37.89% stake in Tannico Srl for 33 million.
December 30, 2022
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LVMH Moët Hennessy - Louis Vuitton, Société Européenne and Davide Campari-Milano N.V. acquired 37.89% stake in Tannico Srl for 33 million on December 1, 2022. Furthermore, from January 1, 2023, Thierry Bertrand-Souleau will take over the leadership of Tannico with the role of CEO and current CEO of Tannico, Marco Magnocavallo, will become Honorary President, guaranteeing continuity in the strategic direction of the platform. The stake is divided equally between Campari Group and Moët Hennessy.
LVMH Moët Hennessy - Louis Vuitton, Société Européenne and Davide Campari-Milano N.V. completed the acquisition of acquired 37.89% stake in Tannico Srl on December 1, 2022.
Davide Campari-Milano N.V. is one of the Italian's leading producers and distributors of spirits and wines. The activity is organized around three product families:
- spirits: rhums, vodkas, tequilas, whiskies, liqueurs, etc. (Campari, SKYY Vodka, Cynar, Aperol, Cabo Wabo, CampariSoda, Glen Grant, Ouzo 12, X-Rated, Dreher, Old Eight and Drury's brands);
- wines: Liebfraumilch, Cinzano, Mondoro, Riccadonna, Sella & Mosca and Teruzzi & Puthod brands;
- non-alcoholic beverages: aperitifs (Crodino brand), sodas (LemonSoda, OranSoda, PelmoSoda and TonicSoda) and mineral water (Crodo).
At the end of 2023, the group had 22 production sites worldwide.
Net sales are distributed geographically as follows: Southern Europe/Middle East/Africa (27.6%), Americas (43.9%), Northern Europe/Central Europe/Eastern Europe (20.6%) and Asia/Pacific (7.9%).
LVMH Moët Hennessy - Louis Vuitton, Société Européenne and Davide Campari-Milano N.V. acquired acquired 37.89% stake in Tannico Srl for €33 million.