LAPOSTOLLE WINERY SOLD

GRUPPO CAMPARI has sold its Lapostolle wine and Pisco business “ì acquired as part of its takeover of Grand Marnier’s parent company “ì back to the Marnier family for $31 million. In 2O16 Campari took control of the French liqueur brand as part of its friendly takeover of parent company Soci√©t√© des Produits Marnier Lapostolle (SPML). The Chilean Lapostolle winery, founded by Alexandra Marnier Lapostolle in 1994, was included in the deal. In late December, Gruppo Campari signed an agreement to dispose of the business, returning it to family control. Since the beginning of last year, Campari has sold off non-core assets worth $1OO million as part of its wider strategy to focus on its core spirits business. The transaction is expected to close in the immediate coming months, and includes 37O hectares across three different vineyards, vinification and production plants, inventory, real estate assets and the Lapostolle Residence.