Splash Beverage Group Inc. (SBEV) Positions Itself to Benefit from Resurgence in U.S. Economy
May 12, 2021
- Alcoholic beverage companies have recently benefitted from surge in investor interest, as shown by recent record share price achieved by Italian beverage group, Campari
- Investors are increasingly betting that consumers will seek to channel increased savings into discretionary expenditure, including dining out, alcoholic beverages
- Splash Beverage has sought to broaden its multi-brand portfolio through recent purchase of Copa di Vino, leading wine-by-the-glass producer
- Company has leveraged synergies within the group, recently signing distribution deal with Copa di Vino’s distributor for in-house tequila brand, SALT
On Wednesday, May 5, 2021, Campari’s share price touched a new record high. The Italian alcoholic beverage group may be relatively small by global standards – the company’s 2020 revenues amounted to $2.02 billion, a mere fraction relative to global drinks giant Diageo’s $14.8 billion, or beer brewer Anheuser-Busch’s $46.9 billion. However, its recent share price rally is a clear illustration of the optimism currently pervading the beverage sector—an optimism which has also spread to buoy sector peers such as Splash Beverage Group (OTCQB: SBEV), a holding company for a leading portfolio of beverage brands.
Global investors are increasingly betting that consumers who set aside savings while confined to their homes during months of COVID-19 curbs will raise their expenditure on everything from clothes and…
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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