Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Compagnia dei Caraibi S.p.A. ( (IT:TIME) ) has provided an announcement.
Compagnia dei Caraibi S.p.A. announced that Vecchio Magazzino Doganale S.r.l. has extended its commitment to subscribe to convertible bonds until December 31, 2026, which could strengthen the company’s financial position. Additionally, the company will see a change in its financial leadership as CFO Dr. Paolo Castagno will depart after successfully completing his mandate, with a new CFO to be appointed by May 30, 2025. This transition may impact the company’s strategic direction and internal operations.
More about Compagnia dei Caraibi S.p.A.
Compagnia dei Caraibi S.p.A., founded in 2008 and listed on the stock exchange since July 2021, is a prominent player in the importation, development, brand building, and distribution of premium and over-premium spirits, wines, soft drinks, and Italian craft beers. The company operates in over 30 countries with a direct presence in Italy, Spain, and the United States, and has a catalog of over 1200 exclusive references. It has embraced an ESG strategy and became a Società Benefit in July 2021, obtaining B Corp® certification in September 2023.
YTD Price Performance: -52.39%
Technical Sentiment Signal: Buy
Current Market Cap: €4.04M
Learn more about TIME stock on TipRanks’ Stock Analysis page.