219
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
By
Reuters API
Published
Jul 13, 2021
Download
Download the article
Print
Text size

LVMH's Moët Hennessy teams up with Campari in wines, spirits e-commerce venture

By
Reuters API
Published
Jul 13, 2021

LVMH's Moët Hennessy and Italy's Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European ecommerce player in the sector.


The deal, subject to regulatory clearance, envisages the sale of half the JV's equity capital by Campari to Moët Hennessy for 25.6 million euros ($30 million) in cash - Reuters


In a statement on Monday, the two groups said Campari would transfer its stake in online wines and spirits company Tannico into a newly set up joint venture.

The deal, subject to regulatory clearance, envisages the sale of half the JV's equity capital by Campari to Moët Hennessy for 25.6 million euros ($30 million) in cash, they said.

"While e-commerce was already a growing channel for wines and spirits, the global pandemic has triggered a significant acceleration," Moët Hennessy CEO Philippe Schaus said.

The new venture will be headed by current Tannico CEO Marco Magnocavallo who will remain a key minority shareholder in the business.

Tannico, whose business is 90% B2C, also owns a majority stake in Ventealapropriete.com, an e-commerce platform selling premium wines and spirits in France.

Tannico and Ventealapropriete.com generated pro-forma combined sales of more than 70 million euros last year.

© Thomson Reuters 2024 All rights reserved.