Italian drinks group Gruppo Campari has announced ‘very good results’ for the first half of 2017 with total sales reaching €844.7m, an organic growth of 6.8%.

Gruppo Campari has posted up sales of €1,524 million, +13.7%, (organic growth +1.7%) while the group net profit was down -4.4% to €149.8m for the for the full year ending December 31, 2013.

The board of Davide Campari-Milano SpA, has reported group net profit of €156.7 million in its consolidated financial results for the year ended December 31, 2012. Sales were up 5.2% to €1,340.8m

Davide Campari-Milano SpA has announced that it is taking over the distribution and marketing of its recently acquired Appleton rum brands from Kobrand from March 1.

Gruppo Campari has initiated its tender offer for 100% of the issued shares of Lascelles deMercado Co Limited, which owns J Wray & Nephew and Appleton rums.

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Tess Posthumus

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