Campari plans restructuring to ensure financial health
Italian spirits group Davide Campari, led by its new Chief Executive Simon Hunt, said on Thursday it needed to take some "tough decisions, such as organizational restructuring" to ensure the group's return to financial health. Asked for a comment, Campari said in an emailed statement that it needed a more efficient resource allocation, as changes in top-line performance and existing infrastructure investments had impacted profitability. "We are gradually implementing a comprehensive set of company initiatives to accelerate growth and profitability via focus, simplification and cost containment", it said.