Carl-Lambert Leisewitz acquired Elephant Gin GmbH from Compagnia dei Caraibi S.p.A. (BIT:TIME) on July 11, 2024. In March 2024, Elephant Gin filed for insolvency in the German courts following the failure of its then-owner, Compagnia dei Caraibi, to finance the agreed business plan. Compagnia dei Caraibi had acquired the brand at the end of 2022 but was unable to meet its financial commitments, leading to the insolvency filing and subsequent loss of the brand. Despite the change in shareholder structure, Elephant Gin assures that its management and the majority of its 22-member team will remain intact. The company will continue to operate independently, maintaining its existing branding and distribution strategies.

Carl-Lambert Leisewitz completed the acquisition of Elephant Gin GmbH from Compagnia dei Caraibi S.p.A. (BIT:TIME) on July 11, 2024.