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An update from Compagnia dei Caraibi S.p.A. ( (IT:TIME) ) is now available.
Compagnia dei Caraibi S.p.A. has reached settlement agreements to resolve disputes with the sellers of Elephant Gin GmbH, significantly reducing its financial exposure and eliminating future charges related to the acquisition. Additionally, the company is initiating the voluntary liquidation of its subsidiary Ribelli Digitali S.r.l. to streamline operations and focus resources on its marketing agency, Thinking Hat S.r.l., enhancing operational efficiency.
More about Compagnia dei Caraibi S.p.A.
Compagnia dei Caraibi S.p.A. is a prominent company engaged in the import, development, brand building, and distribution of premium and over-premium spirits, wines, and soft drinks globally, along with Italian craft beers. The company is known for distributing trendy and emerging brands and has a significant presence in Italy, Spain, and the United States, operating indirectly in over 30 countries. It has been listed on the stock exchange since July 2021 and has a strong commitment to ESG principles, having obtained B Corp® certification.
Average Trading Volume: 24,039
Technical Sentiment Signal: Sell
Current Market Cap: €4.11M
For an in-depth examination of TIME stock, go to TipRanks’ Stock Analysis page.