Italian spirits group Campari has announced that it has entered into exclusive negotiations to acquire Baron Philippe de Rothschild France Distribution SAS.
Baron Philippe de Rothschild France Distribution SAS is responsible for the distribution of its products in France.
Presently, winemaker Baron Philippe de Rothschild has 100% stakes in the company.
The acquisition is subject to consultation with the representative bodies and authorisation from the competition authority, Campari said in its statement.
Last Month, Campari reported better than expected sales growth in the third quarter as its best-selling aperitif Aperol continued to enjoy double-digit growth.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.