Caffo Group 1915

Italian Wine Brands has announced that its subsidiaries, IWB Italia and Giordano Vini, have signed a binding offer with the Caffo Group to sell the Valle Talloria (Diano d’Alba) business unit. As part of the agreement, the Caffo Group will transfer production operations and the historical archives of the Cinzano brand to this business unit. Commenting on the news, IWB Group said: “We are delighted with this agreement undertaken with …

Italian spirit group Campari has agreed to sell its Cinzano vermouth and sparkling wine business, along with Frattina grappa and sparkling wines, to the privately-owned Italian firm Caffo Group in a €100 million ($117 million deal). This strategic move aligns with Campari’s plan to streamline its brand portfolio by offloading non-core assets, the company said in a statement, adding that the goal was to sharpen focus on core spirits, simplify operations …