Campari shares fall after tax police seize $1.5 billion of parent company's holding

Core Viewpoint - Shares in Campari experienced a 5% decline following the seizure of €1.29 billion ($1.50 billion) worth of shares by Italian tax police from its controlling shareholder due to alleged tax evasion [1] Company Summary - Campari's stock price fell by 5% on Monday as a direct consequence of the tax police's actions [1] - The seized shares represent a significant financial impact on the company, amounting to €1.29 billion ($1.50 billion) [1] Industry Summary - The incident highlights ongoing scrutiny and regulatory challenges within the beverage industry in Italy, particularly concerning tax compliance [1]