ITALY: Campari to close two factories
The Italian drinks producer Campari is to close two of its factories, the company said yesterday, one in Sesto San Giovanni and other in Termoli.
The site at Sesto San Giovanni was established in 1904 and has some 160 employees while about 30 employees work in the factory at Tremoli. Workers from the Sesto San Giovanni plant are to go on a two-hour strike. However, Campari also said it will construct a new plant at Novi Ligure.
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Davide Campari-Milano has posted a slight rise in net sales and profits for the first nine months of this year....
Davide Campari-Milano SpA has amassed a EUR500m war chest for acquisitions, according to the Italian company's CEO Enzo Visone....
Campari has had its rating cut....
Davide Campari-Milano S.p.A. has seen a 2.6% rise in sales drive growth across all profitability indicators in the first half of the year....
US investment house Citigroup Smith Barney has cut its rating on Italian drinks group Davide Campari-Milano SpA from "buy" to "hold"....
Goldman Sachs has initiated coverage of Davide Campari-Milano shares....
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