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Casa del Caffè Vergnano and exclusive, long-term distribution agreement Zug, Switzerland, 28 June 2021. Coca-Cola HBC AG ("Coca-Cola HBC") is pleased to announce that on 25 June 2021, its wholly-owned subsidiary CC Beverages Holdings II B.V. ("CCH Holdings"), reached an agreement to acquire a 30% equity shareholding in Casa Del Caffè Vergnano S.p.A. ("Caffè Vergnano"), a premium Italian coffee company. Completion of the acquisition is expected in the second half of 2021 and is subject to customary closing conditions and regulatory approvals. Furthermore, Coca-Cola HBC and Caffè Vergnano will enter into an exclusive distribution agreement for Caffè Vergnano's products in Coca-Cola HBC's territories outside of Italy (together, the "Proposed Transaction"). CCH Holdings will be represented on the Board of Directors of Caffè Vergnano and have customary minority decision-making and governance rights. The parties have agreed not to disclose financial details of the Proposed Transaction.
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Lido la Caravella, a beach in Taormina, on Sicily's northeastern coast, is my happy place. It's a little bit of a walk from the funicular that takes you from the heart of the clifftop town down to the stunning Ionian Sea, so it's more of a local spot than a tourist destination. (Though some hotels, like my favorite in town, Villa Carlotta, do offer shuttle service to La Caravella if you know to ask for it.) Beyond the quintessential Italian coastal colors that serve up a true feast for the eyes — blue sea, white sand, yellow umbrellas — and the calm, pristine water, which you can enjoy leisurely on one of the floats provided for visitors, I love this beach for the restaurant and service. You can easily stay all day, starting with a bottle of prosecco, delivered straight to your beach chair on ice, and moving on to a sit-down lunch of fried seafood and fresh salads or pasta at a table with a view. The staff will make you feel like family, so much so that when the sun starts to set, you definitely won't be ready to leave.
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