Tag: $Campari

Shares in Campari (CPRI.MI), fell 5% on Monday after Italian tax police seized 1.29 billion euros worth of shares in the Italian spirits group held by its controlling shareholder for alleged tax evasion, equal to almost a sixth of the Aperol maker’s current market value.

Shares in Aperol maker Davide Campari-Milano fell after its third-quarter sales missed expectations and raised the prospect of earnings cuts.

Shares in Campari fell nearly 6% on Friday with several traders and analysts citing comments by the Italian spirits group’s chief executive, describing the current quarter as “still quite soft” for the industry

Italian spirits group Campari  has raised 1.2 billion euros by selling new shares and debt that can be converted into equity to fund last month’s acquisition of French cognac house, it said on Wednesday.