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Compagnia dei Caraibi S.p.A. ( (IT:TIME) ) has issued an announcement.
Compagnia dei Caraibi has decided to sell its 75% stake in the agricultural company Have Fun S.a.r.l. as part of a strategic shift to focus on strengthening its distribution capacity and brand building rather than wine production. Despite the sale, the company has secured an agreement to continue marketing wine products from Have Fun S.a.r.l. for 2025 and 2026, reflecting its continued interest in distributing premium wine products. This move is expected to enhance the company’s strategic focus on its core operations while ensuring economic convenience and correctness, as supported by the Company’s Related Parties Committee.
More about Compagnia dei Caraibi S.p.A.
Compagnia dei Caraibi S.p.A., founded in 2008 in Vidracco, is a leading Piedmontese company focused on the importation, development, brand building, and distribution of premium and over-premium spirits, wines, soft drinks, and Italian craft beers. The company operates in 34 countries and is listed on the stock exchange, with a strong presence in Italy, Spain, and the United States. Compagnia dei Caraibi is recognized for its dynamic market presence and has extended its business model with the Dispensa project, emphasizing both online and offline channels. The company is a Benefit Corporation with a commitment to ESG principles and obtained B Corp® certification in 2023.
YTD Price Performance: -44.13%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €3.36M
Find detailed analytics on TIME stock on TipRanks’ Stock Analysis page.