#purchase

Campari Group to Acquire Courvoisier Cognac from Beam Suntory for $1.32 Billion

Italy’s Campari Group has committed to buy premium Cognac house Courvoisier from Beam Suntory in a landmark deal, according to a Thursday press release from the brand. The purchase price for the acquisition is set at $1.2 billion. An additional payment of $120 million is expected to be payable in 2029 if the net sales target is reached in 2028, potentially giving the acquisition a value of $1.32 billion — the largest deal in Campari Group’s history. The article Campari Group to Acquire Courvoisier Cognac from Beam Suntory for $1.32 Billion appeared first on VinePair .