Campari Group buys premium cognac brand Bisquit from Distell

SOUTH AFRICA - Campari Group has agreed to buy Bisquit Dubouche et Cie (Bisquit) from South Africa’s Distell for € 52.5 million to enhance focus on core portfolio to further growth ambitions. The transaction involved acquisition of all the shares in Bisquit, as well as existing stock, maturing inventory, the trademarks as well as production…

Revenue growth muted in SA for brewing and beverage group Distell

SOUTH AFRICA - Multinational brewing and beverage group Distell on Friday said during the first three months of the new financial year ending June 2018, it recorded “muted revenue growth”, compared to the corresponding period in the previous year. The company said their South African operations recorded overall revenue growth in an environment of “near…