Campari Expects to Continue Acquisitions in the Mid-to Long-Term

Dear Client: 2013 was a busy year for Gruppo Campari. You'll recall, In the US alone, the group integrated the Lascelles deMercado & Co. (LDM) portfolio into its distribution network, brought the distribution of Aperol in-house, and restructured its sales division for Campari America, among other initiatives. "From our perspective, 2013 is to be considered a year of transition," said Campari chief Bob Kunze-Concewitz in the group's full year earnings call this morning. BRAND PERFORMANCE: Campari's organic growth in the