Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Campari sees J’can revenue dip
Appleton owner plans new marketing thrustfor rum portfolio in second half of 2014.
Business
June 24, 2014

Campari sees J’can revenue dip

ITALIAN-BASED Cam-pari Group, which owns the Wray & Nephew rum brands, saw its revenue in Jamaica drop 39 per cent.

The (euro) 28.6 million in sales it generated during the first three months of 2014, reflected depreciation of the Jamaican dollar and the end of a distribution arrangement for Kimberly-Clark.

Campari revealed that it terminated the Kimberly-Clark portfolio, which includes household names Kleenex, Scott and Huggies, in furtherance of its aim to focus on core activities.

“The decision is consistent with the Group’s desire to increase its focus on distribution agreements with higher profitability,” Campari explained in its quaterly financials.

In February, distributor T Geddes Grant announced that it acquired the Kimberly-Clark portfolio, which equated to its largest portfolio to date.

Campari added that despite the overall fall in sales, rum continued to sell.

“Performance was positive for the portfolio of Jamaican rums (Appleton and White Overproof), for which the implementation of new marketing strategies is planned for the second half of the year,” stated Campari, one of the world’s largest spirit brands.

“Sales in Jamaica, the Group’s third largest market with 9.9 per cent of consolidated revenues, were down by 25.6 per cent (organic change),” said Campari. “In addition to the previously noted effect from the overall organic reduction resulting from the merchandise and sugar business, there was an organic reduction of the rum portfolio that had lower sales due to the impact of different shipment phasing compared with the first quarter of 2013 both in domestic and export markets.

“It is projected that this temporary impact, which partially affected stock levels in many markets, will, to a large extent, be reabsorbed during the year.”

Campari acquired the Jamaica operations (Lascelles deMercado) in December 2012 for some US$409 million from Trinidad-based majority shareholder, CL Financial, and local shareholders. In September 2012, details of the proposal indicated that the acquisition would nearly double Campari’s workforce from 2,300 to 4,300. Since that time the company embarked on restructuring and announced that it laid off some 200 workers.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Fans valued at $1.7m donated to Princess Margaret Hospital
Latest News, News
Fans valued at $1.7m donated to Princess Margaret Hospital
August 21, 2026
ST THOMAS, Jamaica — Patients and staff at the Princess Margaret Hospital in St Thomas can now look forward to a cooler and more comfortable environme...
{"jamaica-observer":"Jamaica Observer"}
Jamaica to open Nations League campaign at home against Guatemala on Sept 25
Latest News, Sports
Jamaica to open Nations League campaign at home against Guatemala on Sept 25
August 21, 2026
KINGSTON, Jamaica — Jamaica’s Reggae Boyz will host their first two games in the fifth edition of the Concacaf Nations League, it was confirmed on Fri...
{"jamaica-observer":"Jamaica Observer"}
Shericka Jackson pulls up, falls in 200m at Lausanne Diamond League
Latest News, Sports
Shericka Jackson pulls up, falls in 200m at Lausanne Diamond League
August 21, 2026
KINGSTON, Jamaica — Jamaica’s Olympic Games and World Championship medallist Shericka Jackson failed to complete the women’s 200m on Friday’s Wanda Di...
{"jamaica-observer":"Jamaica Observer"}
Murder suspect Marko “Shella” German shot dead by police in Rollington Town
Latest News, News
Murder suspect Marko “Shella” German shot dead by police in Rollington Town
August 21, 2026
KINGSTON, Jamaica —  A man who was being sought in connection with a murder on Wednesday, was shot dead by the police on Waterloo Road in Rollington T...
{"jamaica-observer":"Jamaica Observer"}
Latest News, News
Market Bag: Lettuce climbs to $1,400 as prices soar at market
August 21, 2026
KINGSTON, Jamaica — Lettuce prices surged this week at the Coronation Market in Kingston, with shoppers now paying $1,400 per pound as food costs cont...
{"jamaica-observer":"Jamaica Observer"}
Principal of Portmore Community College awarded OD
Latest News, News
Principal of Portmore Community College awarded OD
August 21, 2026
KINGSTON, Jamaica — When his grade-six teacher, Pansy Genus, needed to step out of the classroom at Dupont Primary School, she knew exactly who she co...
{"jamaica-observer":"Jamaica Observer"}
Petrojam awards PEP scholarships to four top students
Latest News, News
Petrojam awards PEP scholarships to four top students
August 21, 2026
KINGSTON, Jamaica —  State-owned refinery, Petrojam Limited, has awarded four scholarships to top-performing students from the Greenwich Primary and S...
{"jamaica-observer":"Jamaica Observer"}
Kingston man charged with murder following stabbing of brother
Latest News, News
Kingston man charged with murder following stabbing of brother
August 21, 2026
KINGSTON, Jamaica—A Kingston man has been charged in connection with the stabbing death of his brother 51-year-old Terrence Myles at their home on Thu...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct