Davide Campari Spa

What Davide Campari Spa does

Davide Campari-Milano N.V. is a Milan-headquartered global spirits company founded in 1860, listed on the Milan Stock Exchange (BIT:CPR) and OTCMKTS:DVDCY, with a market capitalization of approximately $11.34 billion as of April 2026. The company produces, markets, and distributes a portfolio of premium alcoholic beverages including the Campari bitter (invented 1860, unchanged since), Aperol, Espolón tequila, Courvoisier cognac, Wild Turkey bourbon, SKYY Vodka, Grand Marnier, Glen Grant single malt, and J. Wray & Nephew rum, sold across more than 190 markets through wholly-owned regional subsidiaries (Campari America, Campari UK, Campari Deutschland, Campari Benelux, Campari Australia, J. Wray & Nephew, Société des Produits Marnier Lapostolle, and others).

The business operates a brand-building go-to-market model anchored on cultural partnerships (Official Partner of Festival de Cannes 2022-2026, main sponsor of Venice Film Festival for four years, exclusive spirits sponsor of New York Film Festival for three years, plus Locarno, Melbourne, and Viennale partnerships) and on-trade relationships in bars, restaurants, and hotels. Distribution flows through retail/off-trade, on-trade hospitality, duty-free, and direct-to-consumer experiences at Camparino in Galleria (Milan flagship bar since 1915), Galleria Campari museum (Sesto San Giovanni HQ, opened 2010), and Spazio Davide Campari event venue. FY2025 reported €3,051 million in net sales, €637 million in adjusted EBIT (up 5% versus consensus), €571 million in recurring free cash flow, and a €0.10 per share dividend (a 54% increase).

Revenue is generated primarily through wholesale spirits and alcoholic beverage sales under a hardware-style revenue model; specific pricing is not publicly disclosed. The company completed a €595.24 million senior unsecured Euro MTN refinancing in June 2026 at a 4.25% coupon, repurchasing its 1.25% 2027 notes to extend maturities to 2033, bringing net debt/EBITDA to 2.5x from a 3.6x peak in September 2024 and reaching its leverage target a year ahead of schedule.

Name

Davide Campari Spa

Legal name

Davide Campari-Milano N.V.

Website

https://campari.com

Company type

Public

Founded year

1860

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Davide Campari-Milano N.V. is a Milan-headquartered global premium spirits company founded in 1860 that produces, markets, and distributes an iconic portfolio of brands including Campari, Aperol, Espolón, Courvoisier, and Wild Turkey across more than 190 markets through retail, on-trade, and direct-to-consumer channels, generating €3,051 million in FY2025 net sales.

Ownership category

akta.pro rank

Product category

Premium Spirits & Beverages

NAICS

Distilleries (312140), Distilleries (31214), Drinking Places (Alcoholic Beverages) (7224), Beer and Ale Merchant Wholesalers (424810)

SIC

Beverages (2080), Wholesale-Beer, Wine & Distilled Alcoholic Beverages (5180)

akta.pro primary industry

Spirits Distilling & Brands (CRADAIAC)

akta.pro secondary industries

Wine & Sparkling Wine Wineries & Brands (CRADAIAB), Spirits/Cocktail Bars Operated by Producers (THAFALAJ), Premium, Rare & Collectible Alcohol Retail (Fine Wine/Spirits) (CRANAAAJ), Beer, Wine & Spirits Wholesale Distribution (CRAOAIAA)

Keywords

• Premium spirits brands
• Italian bitter liqueur
• Aperitivo cocktails
• Global spirits distribution
• Branded spirits portfolio

Headquarters

HQ city

Sesto San Giovanni

HQ country

Italy

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Marketing or Sales, Personnel, Operations, Others

Revenue model

1. Spirits and alcoholic beverage sales: Davide Campari-Milano generates revenue primarily through the production, marketing, and distribution of alcoholic beverages across 190+ markets worldwide. The company reported net sales of €3,051 million for FY2025 with 2.4% organic revenue growth. Revenue is generated through sales of iconic brands including Campari, Aperol, Aperol Spritz, Espolòn tequila, Courvoisier, SKYY Vodka, Wild Turkey, and numerous other spirits and liqueurs. Distribution occurs through retail channels, on-trade (bars/restaurants), and direct-to-consumer experiences at brand houses.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Davide Campari-Milano N.V. produces, markets, and distributes a diversified portfolio of premium spirits, wines, and soft drinks across more than 190 markets. Its brands span bitter liqueurs (Campari, Aperol), tequila (Espolòn), cognac (Courvoisier), vodka (SKYY), bourbon (Wild Turkey), liqueurs (Grand Marnier), Scotch (Glen Grant), and Jamaican rum (J. Wray & Nephew), sold through retail, on-trade, and direct brand-experience channels.

Differentiator

Problem solved

Functional benefit

Brands

• Aperol: Orange-colored Italian bitter liqueur, popular as Aperol Spritz
• Campari
• Espolon
• SKYY Vodka
• Wild Turkey
• Courvoisier
• Grand Marnier
• Glen Grant
• J. Wray & Nephew
• Camparino

Products and services

• Campari Iconic red Italian bitter liqueur invented in 1860 and the signature brand of Davide Campari-Milano; a key ingredient in the Negroni and other premium cocktails, sold globally through retail and on-trade channels.
• Aperol Orange-colored Italian bitter liqueur and core Campari Group focus brand; consumed primarily as an aperitif, most famously in the Aperol Spritz with prosecco and soda.
• Campari Soda Single-serve ready-to-drink premix of Campari bitter and soda water, sold as a convenient aperitivo format in retail and on-trade.
• Campari Cask Tales Premium-aged, limited-edition Campari bitter expressions finished in wooden casks, targeted at collectors and the super-premium on-trade.
• Espolòn Tequila Premium Mexican tequila range (blanco, reposado, añejo) sold internationally through retail and on-trade; identified as a key focus brand for FY2025 growth.
• Courvoisier Cognac Premium French cognac sold globally through retail and on-trade channels as part of Campari Group's diversified spirits portfolio.
• SKYY Vodka

Quantifiable outcome

• 2.4% organic revenue growth and 5.4% organic EBIT growth achieved in FY2025, surpassing Bloomberg consensus expectations
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered major, minor, flagship and core.

• The Hollywood ReportermajorGTM or Marketing Partner · 12 May 2026The Hollywood Reporter partnered with Campari during Festival de Cannes 2026. The media outlet participated in Campari Lounge events including podcast recordings featuring industry talent, connecting Campari with cinema industry professionals and media coverage.
• Soho HousemajorGTM or Marketing Partner · 12 May 2026Soho House partnered with Campari during Festival de Cannes 2026 for an aperitivo experience at the Campari Lounge. The partnership connects Campari with Soho House's global creative membership community during the prestigious film festival.
• Golden GlobesmajorGTM or Marketing Partner · 12 May 2026Campari hosted a Golden Globes Luncheon during Festival de Cannes 2026. The partnership brings together two iconic brands in the entertainment industry, connecting Campari with awards season talent and industry professionals.
• RAI CinemamajorGTM or Marketing Partner · 12 May 2026RAI Cinema partnered with Campari during Festival de Cannes 2026. The Italian public broadcaster's film division participated in Campari Lounge events, connecting Campari with both Italian and international cinema audiences.
• BTTL (Breaking through the lens)minorGTM or Marketing Partner · 12 May 2026BTTL (Breaking through the lens) is listed as a partner for the 78th Festival de Cannes 2025. The partnership involves film-related content and marketing activations during Campari's presence at Cannes.
• Festival de CannesflagshipGTM or Marketing Partner · 6 May 2026Campari is Official Partner of the Festival de Cannes for the fifth consecutive year (2022-2026). The partnership includes the Campari Lounge at the iconic Palais des Festivals on La Croisette, signature cocktails (Negroni, Campari Spritz) prepared by Camparino in Galleria, film-led events, and exclusive Cannes Edition cocktails. The partnership positions Campari at the intersection of cinema and Italian aperitivo culture, reaching global premium audiences during the prestigious film festival running May 12-23, 2026.
• Warner BrosmajorGTM or Marketing Partner · 13 May 2025Warner Bros is listed as a partner for the 78th Festival de Cannes 2025, where Campari served as Official Partner for the fourth consecutive year. The partnership involves joint presence at Cannes events and film-related marketing activations.
• Venice Film FestivalflagshipGTM or Marketing Partner · 17 May 2022Campari was main sponsor of the Venice International Film Festival for four consecutive years. The partnership included initiatives promoting dialogue between established talent and emerging filmmakers, exclusive events, and the Campari Passion for Film Award recognizing contributions to filmmaking. The partnership culminated in the Global Premiere of Campari Red Diaries 2021 and the documentary on the Fellini Forward AI project.
• Melbourne International Film Festival (MIFF)coreGTM or Marketing Partner · 1 January 2021Campari presented selected feature films at Melbourne International Film Festival, including a Campari Red Passion short film in collaboration with emerging local filmmaker. Campari hosted the Campari Cinema Club at Melbourne's Chapter House, where Negroni and Campari Soda were served as official cocktails. The company also presented the official MIFF Closing Night film.
• Locarno Film FestivalcoreGTM or Marketing Partner · 1 January 2020Campari has been Official Event Partner of the Locarno Film Festival since 2020. The partnership expanded in 2022 with the Davide Campari Lounge next to Piazza Grande, hosting interviews, panel discussions, and industry meet & greets. Campari hosts the official Opening Party at Villa San Quirico and presented the Davide Campari Excellence Award to Aaron Taylor-Johnson. Camparino in Galleria created exclusive Red Carpet Locarno Edition cocktail.
• New York Film FestivalflagshipGTM or Marketing Partner · 1 January 2019Campari served as exclusive spirits sponsor and Opening Day presenting sponsor of the New York Film Festival for three years. The company has supported the North American premiere of Fellini Forward documentary and film as a special Partner Presentation. The partnership demonstrates Campari's commitment to championing film industry creatives and their Red Passions.
• Viennale (Vienna International Film Festival)coreGTM or Marketing Partner · 1 January 2019Campari partnered with Viennale for three consecutive years as official sponsor. Film connoisseurs from across the globe enjoyed Campari cocktails following official press conferences and movie screenings at one of the world's oldest film festivals.
• Mads MikkelsenmajorGTM or Marketing Partner · 1 January 2019Mads Mikkelsen embodies the iconic role of a bartender in Campari's Negroni Week campaigns. The acclaimed actor masterfully demonstrates the ritual of cocktail creation, reinterpreting the Negroni with refined approach to tradition and culture. His interpretation replaces gin with smoky mezcal and adds hint of green mandarin for a fresh citrus note.
• Imbibe Magazine (Negroni Week)flagshipGTM or Marketing Partner · 1 January 2013Campari is the pivotal ingredient and main supporter of Negroni Week, launched in 2013 by Imbibe Magazine. The global celebration honors the Negroni cocktail (created in 1919 with Campari as essential ingredient) and has raised over $5 million to date for charitable causes. The event runs annually in September, engaging bars and consumers worldwide.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Diageo: Largest global premium spirits company (Johnnie Walker, Tanqueray, Captain Morgan, Smirnoff, Baileys, Guinness). Directly comparable to Campari in premium-spirits portfolio breadth, on-trade focus, cultural marketing scale, and global distribution footprint across 180+ markets.
• Pernod Ricard: Global #2 premium spirits group (Jameson, Chivas Regal, Absolut, Beefeater, Havana Club, Martell). Closest direct peer to Campari in premium portfolio mix, aperitivo/cocktail culture focus, multi-market distribution, and category diversification across wine and spirits.
• Rémy Cointreau: Premium spirits group anchored by Rémy Martin cognac, Cointreau liqueur and LOUIS XIII. Directly comparable to Campari on premium mix, aperitivo/cocktail relevance (Cointreau is core Margarita ingredient), and cognac exposure overlapping with Courvoisier.
• Brown-Forman: US-listed premium spirits owner of Jack Daniel's, Woodford Reserve, Finlandia and Herradura. Comparable to Campari in American whiskey/tequila portfolio focus, US distribution scale (overlap with Campari America), and premium-spirits growth strategy.
• Beam Suntory (Suntory Global Spirits): World #3 premium spirits with Jim Beam, Maker's Mark, Yamazaki, Bowmore and Courvoisier's primary competitor Hibiki/Suntory whisky. Comparable to Campari across bourbon, Scotch, Japanese whisky and premium portfolio diversification, with overlap in tequila (Casa Noble).

Emerging players

• Edrington: Privately-held Scotch whisky specialist (Macallan, Highland Park, Famous Grouse) and Brugal rum. Comparable to Campari's Glen Grant single malt and J. Wray & Nephew rum holdings, premium-spirits brand-building, and selective global distribution strategy.
• Stock Spirits Group: Central European branded spirits group (Stock Original, Božkov, Fernet Stock). A smaller-scale but directly comparable regional spirits brand builder with overlapping liqueur/vodka categories and European on-trade distribution model relevant to Campari's EMEA footprint.

Broad incumbents

• Constellation Brands: Large US alcohol incumbent with beer (Corona, Modelo), wine and emerging spirits. Comparable to Campari in multi-category alcohol strategy, premium positioning and US distribution reach, though beer-centric and broader portfolio than Campari's spirits focus.
• LVMH (Moët Hennessy division): Luxury conglomerate's wines & spirits arm includes Moët & Chandon champagne, Hennessy cognac, Glenmorangie. Comparable to Campari in champagne/cognac/whisky premium exposure, brand-equity-led pricing, and aperitivo/on-trade premium occasions.

Regional players

• Treasury Wine Estates: Australia-headquartered global wine group (Penfolds, Wolf Blass, 19 Crimes). Adjacent peer given Campari's wine/champagne exposure via Marnier Lapostolle and Allier Champagne, and shared premium-brand-building playbook, though TWE is wine-pure-play and APAC-anchored.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/campari
• YouTubeyoutube.com/c/EnjoyCampari
• Facebookfacebook.com/Campari
• Instagraminstagram.com/campariofficial
• LinkedInlinkedin.com/company/campari-export-private-limited

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Davide Campari Spa