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Garavoglia

August 9, 2010

Campari, the famous Italian drink, may be celebrating its 150th birthday this year, but it is an American bourbon less than half its age that is driving sales at family-controlled Davide Campari-Milano.

Campari, the famous Italian drink, may be celebrating its 150th birthday this year, but it is an American bourbon less than half its age that is driving sales at family-controlled Davide Campari-Milano.

The Italy-based business purchased the Wild Turkey brand, established in 1940, from fellow family-controlled manufacturer Pernod Ricard last year for €433 million.

According to results for H1 2010, group sales were up 16.7% to €515.7 million. Net profit rose 13.6% to €69.3 million.

April 9, 2009

The family owners of Gruppo Campari were famously in the news for all the wrong reasons in the early 2000s after a feud gave the company some unwanted attention. However, the largest acquisition in the company’s history announced yesterday should soothe battered egos.

The family owners of Gruppo Campari were famously in the news for all the wrong reasons in the early 2000s after a feud gave the company some unwanted attention. However, the largest acquisition in the company's history announced yesterday should soothe battered egos.

Non-family CEO Bob Kunze-Concewitz unveiled the purchase of Wild Turkey whisky for €433 million. The acquired business includes the Wild Turkey brands, American Honey liqueur, distillery facilities in Kentucky, and aged liquid and finished product inventory.

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