France: Campari and Moët Hennessy to acquire 100% of Tannico

Campari Group and Moët Hennessy has acquired, through their 50-50 joint venture, full ownership of online wine and spirits company Tannico.

Founded in 2012, Tannico’s e-commerce platform offers a catalogue of over 1,500 labels from 2,500 wineries focusing 90% of the business in B2C. The platform also provides wine courses, video tutorial and in the B2B area, services to wineries professionals in the hospitality sector.

“With this operation, we confirm our commitment to making Tannico the leading European platform in the sale of wines and premium spirits.” Said Bob Kunze-Concewitz, CEO of Campari Group. “Thanks to the excellent work done so far by the team, Tannico is today an established player with market leadership positions in Italy and France”.

“I am very proud of the results we have achieved,” commented Marco Magnocavallo, founder of Tannico. “And, thanks to the great foundations built in the last ten years, I am certain that Tannico’s growth potential will develop in the long-term. I wish this adventure to continue with equally positive results, consolidating Tannico’s leadership in Italy, France and at a pan-European level.”

Source: Campari Group