Campari Group and Moët Hennessy acquire, through their 50-50 joint venture, the remainder of Tannico's share capital, hereby reaching 100% ownership

Paris, Milan, December 1, 2022- About a year after its creation, the JV acquires the remaining share capital of Tannico, thus reaching the 100% ownership. The joint venture between Campari Group and Moët Hennessy aims at building a premium pan-European e-commerce player for the benefit of all wine and spirits brands and their European consumers.

Furthermore, from 1 January 2023, Thierry Bertrand-Souleau will take over the leadership of Tannico with the role of CEO. This evolution brings a vast international omnichannel and retail business experience, in line with the ambitious growth path of the e-commerce platform and with the aim of establishing Tannico’s leadership in Europe for the online sale of wines and premium spirits.

Starting from the same date, the founder and current CEO of Tannico, Marco Magnocavallo, will become Honorary President, guaranteeing continuity in the strategic direction of the platform.

"With this operation, we confirm our commitment to making Tannico the leading European platform in the sale of wines and premium spirits." Said Bob Kunze-Concewitz, CEO of Campari Group. "Thanks to the excellent work done so far by the team, Tannico is today an established player with market leadership positions in Italy and France, where it owns a majority stake in French e-commerce platform Ventealapropriete.com. We are happy to be able to continue with this project, taking it to an equally ambitious next phase "

 “Moët Hennessy is pleased to strengthen its partnership with Campari Group, which, through Tannico and Ventealapropriete.com, aims at developing exceptional online shopping experiences in the world of wines & spirits. In this context we warmly welcome Thierry Bertrand Souleau who comes with a strong on- and off-line retail experience, both in Italy and France, and who will be instrumental in bringing this venture to its next level.” Said Philippe Schaus, Chairman and CEO of Moët Hennessy.

“I am very proud of the results we have achieved” declared Marco Magnocavallo, founder of Tannico. " And, thanks to the great foundations built in the last ten years, I am certain that Tannico’s growth potential will develop in the long-term. I wish this adventure to continue with equally positive results, consolidating Tannico's leadership in Italy, France and at a pan-European level."