|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||13.46 - 13.46|
|52 Week Range||11.23 - 13.85|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.07 (0.49%)|
|Ex-Dividend Date||Apr 19, 2021|
|1y Target Est||N/A|
Italian drinks group Campari sees plenty of room for growth from its best-selling beverage Aperol and is not worried about the threat from competitors, including a new spritz cocktail launched by LVMH's Moet Hennessy. In an interview with Reuters at the opening of the first flagship bar for Aperol in Venice, Campari Chief Executive Bob Kunze-Concewitz said the group is confident the bright orange aperitif could continue to grow by double digits over the years and attract new customers among beer drinkers. Kunze-Concewitz also said the group's strategy is still to expand through acquisitions and that in the medium to long term the group aims to secure big deals.
BENGALURU/MILAN (Reuters) -Major drinks companies are making deals and reaching joint ventures to boost their offerings of spirits priced at $200-a-bottle and up, the fastest-growing segment in the $1 trillion global market for alcoholic drinks. Louis Vuitton's wines and spirits division Moët Hennessy and rival Campari last month announced an alliance to sell premium beverages online as they jostle for a piece of the $50 billion global high-end spirits market. Pernod Ricard, which makes Martell cognac, over the past two years has invested in a number of "super‐premium" and "ultra‐premium brands," including a "significant investment" in Japan's Kyoto Distillery, the producer of ultra‐premium gin Ki No Bi.
LVMH's Moët Hennessy and Italy's Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European ecommerce player in the sector. In a statement on Monday, the two groups said Campari would transfer its stake in online wines and spirits company Tannico into a newly set up joint venture. The deal, subject to regulatory clearance, envisages the sale of half the JV's equity capital by Campari to Moët Hennessy for 25.6 million euros ($30 million) in cash, they said.