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[1/2] A bartender pours a drink at a Campari inauguration of a new brand house for Aperol, its best-selling beverage, in Venice. Shares in Campari fell by more than 5% in Milan after the departure of Kunze-Concewitz, who is 56, was announced. Under Kunze-Concewitz, Campari roughly tripled its net sales and profitability, investing around 3 billion euros ($3.2 billion) on acquisitions. Sales of Aperol have increased by 12 times since 2007 and it has become the group's largest brand. Kunze-Concewitz, an Austrian citizen who was born in Istanbul, will remain as a non-executive director at Campari.

Persons: Manuel Silvestri, Bob Kunze, Matteo Fantacchiotti, Kunze Concewitz, Fantacchiotti, Italy's, Cristina Carlevaro, Elisa Anzolin, Keith Weir, Jason Neely, Alexander Smith Organizations: REUTERS, Asia Pacific, Nestle, Diageo, Carlsberg, Jefferies, Reuters, Thomson Locations: Aperol, Venice . Italy, Italian, Campari, Milan, Asia, Austrian, Istanbul

☆ Majority of parents spend 20% or more of household income on child care, report finds
▼ + stars: | 2023-08-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Jenny Goff, right, reaches out to a child at Central Park Child Care Center in Vancouver, Washington. Ariane Kunze | The Columbian via APWhy child care costs are so highRising fees at child care centers are contributing to the growing costs of child care, as well as inflation and changes in parents' work status, according to Care.com. Many day care centers shuttered during the pandemic, leaving the few that stayed open with limited slots available. The new child fee is usually used to fund teachers' education, books and materials for the classes, she added. Financial advisors say there are several other ways parents can plan ahead to help cover child care costs.

Persons: Jenny Goff, Ariane Kunze, Sophia Bera Daigle, Daigle, Carolyn McClanahan, McClanahan, Care.com Organizations: Central, Child Care Center, AP, CNBC FA Council, Planning Partners, CNBC FA Locations: Vancouver , Washington, Jacksonville , Florida

☆ Campari Group CEO says business is 'very, very healthy'
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCampari Group CEO says business is 'very, very healthy'Campari Group CEO Robert Kunze-Concewitz says business is "very, very healthy" although poor weather in parts of EU hurt sales in recent months.

Persons: Robert Kunze Organizations: Campari

☆ Germany says preparing for possible China export control impact
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

In 2022, China supplied 27 tonnes of gallium to Germany, accounting for 55% of total imports. Regarding germanium, China supplied 3 tonnes, or 75%, according to data supplied by the Federal Institute for Geosciences and Natural Resources (BGR). A German industry representative said earlier on Wednesday that China's decision may be in response to U.S. trade restrictions, but its impact will also be felt in Europe. "It is not yet possible to predict whether these measures will have an impact on our supply of these raw materials," Franziska Brantner, state secretary in Germany's economy ministry, told Reuters. "Based on what is known so far is initially only an export control measure, not restrictions," Brantner said.

Persons: Holger Kunze, Kunze, Franziska Brantner, Brantner, Germany's, Christoph Steitz, Riham, Rachel More, Friederike Heine, Alexander Smith, David Gregorio Our Organizations: Federal Institute for Geosciences, Natural Resources, Reuters, Thomson Locations: BERLIN, China, Beijing, United States, Germany, U.S, Europe, Brussels

☆ The bright orange Aperol spritz cocktail mystified some Redditors after appearing on 'The White Lotus.' Now the maker of Aperol says the show has boosted US sales.
▼ + stars: | 2023-02-23 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +3 min

The Italian cocktail, Aperol Spritz, appeared multiple times on HBO's "White Lotus" series. According to Campari, the maker of Aperol, the apéritif is gaining market share in the US, in part because of its repeated appearances in "The White Lotus." Aperol Spritz has often been seen as a divisive drink. Aperol sales, which account for 22% of Campari's total portfolio, grew by nearly 50% in the US in 2022. Campari isn't the only business to see a boost from what has been dubbed as "The White Lotus" effect.

☆ Campari Group CEO: Will continue to 'significantly' outperform industry peers, especially in U.S. market
▼ + stars: | 2023-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCampari Group CEO: Will continue to 'significantly' outperform industry peers, especially in U.S. marketCEO of Campari Group Bob Kunze-Concewitz weighs in on the beverage giant's earnings, arguing the industry will remain resilient in 2023.

☆ Strong pricing helps to drive sales growth for Campari
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

[1/3] General view at a Campari inauguration of a new brand house for Aperol, its best-selling beverage, in Venice Italy, August 30, 2021. REUTERS/Manuel SilvestriMILAN, Feb 21 (Reuters) - Italian spirits group Campari (CPRI.MI) reported on Tuesday a 9.6% increase in fourth quarter like-for-like sales, thanks to strong pricing and despite supply constraints. The maker of Aperol and Campari bitters said net sales reached 2.7 billion euros ($2.9 billion) in 2022 as a whole, up organically 16.4% compared with the previous year. Adjusted operating profit in the last quarter was up 7.6% on a like-for-like basis, with input cost inflation almost fully offset by positive pricing initiatives. Campari is proposing a full year dividend of 0.06 euros per share, unchanged compared with the previous year.

☆ Italy's Campari builds up bourbon business with $600 million Kentucky deal
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

MILAN, Oct 31 (Reuters) - Italian spirits group Campari (CPRI.MI) said on Monday it had reached an agreement to buy an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon offer. Under the agreement, Campari has an option to buy the remaining 30% of the Kentucky-based producer of bourbon and rye whiskey in 2031. The deal implies a current enterprise value of $600 million, which makes it the second biggest acquisition for the Italian group after it bought Grand Marnier in 2016. "By adding the fast-growing super premium Wilderness Trail brand we further expand and premiumise our bourbon offering, priming it to become Campari Group's second major leg after the aperitif portfolio", Chief Executive Bob Kunze-Concewitz said in a statement. Wilderness Trail Distillery, which was started in 2012, expects sales to jump 39% to $57 million in 2022, with core earnings of $37 million.

☆ Campari CEO: Our biggest challenge is 'satisfying demand'
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCampari CEO: Our biggest challenge is 'satisfying demand'Kunze-Concewitz, CEO of Campari Group, says its brands are "on fire" and spirits are an affordable luxury.

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