Davide Campari-Milano N.V. completed the acquisition of 100% of Courvoisier S.A.S. from Beam Suntory. This transaction represents the largest acquisition in Campari's history, significantly strengthening its position in the luxury spirits segment. The strategic rationale for the acquisition is the integration of a world-class Cognac brand that complements Campari’s existing "bitters" and "liqueurs" dominance, particularly for the US and Asian markets. The acquisition allows Campari to internalize a high-margin asset with substantial aging inventory, providing long-term visibility for premium product releases and brand elevated positioning.

Courvoisier is one of the "Big Four" historic Cognac houses, renowned globally for its premium and ultra-premium spirits. Based in Jarnac, the target possesses a comprehensive industrial and heritage footprint, including full production facilities, specialized distillation units, vast aging cellars, and a historic chateau. The business model integrates traditional craftsmanship with modern automated bottling plants and extensive vineyard holdings. Beyond its manufacturing core, Courvoisier serves as a luxury lifestyle brand with a dedicated visitor center, positioning itself at the intersection of high-end French craftsmanship and global spirits retail.