What was changed
Aperol was a century-old Italian aperitif with a devoted but small home market. When Campari acquired it, the brand was established mainly in Italy's medium-alcoholic drinks segment, and the first quarters after the deal showed it performing well.
Campari's play was to globalize the ritual: the Aperol Spritz — three parts Aperol, two parts prosecco, a splash of soda over ice — became the brand's marketing engine. The orange drink turned into the visual shorthand for European summer.
Growth compounded for a decade and a half. By 2019 Aperol was the group's largest brand, with first-quarter sales up 27% and full-year sales up 20.5%, while Campari's total turnover reached €1.84 billion.
The brand rode a broader shift: younger drinkers moving from beer to aperitifs and cocktails. Aperol converted a category trend into a brand-defining position that competitors spent years trying to copy.
What it achieved
Aperol became Campari's largest brand: sales rose 27% in Q1 2019 and 20.5% for full-year 2019, as group turnover reached €1.84B.
Why it worked
The Spritz ritual made the drink easy to order, serve and photograph.
A bright orange product and glass created instant brand recognition.
Cocktail culture's rise gave Aperol a tailwind it did not create but fully used.
Campari backed the brand with consistent global marketing for years.
What can be applied
A drink can be turned into a ritual: marketing the moment — the Spritz at five o'clock — and the color did more for Aperol than discounting or new flavors ever could.
Aftermath
Aperol kept compounding after 2019 and remains Campari's single biggest revenue earner. The acquisition is now cited as the template for scaling a regional drinks brand globally.
FOLLOW THE EVIDENCE
The sources
- Acquisition drives Campari sales beveragedaily.com
- Drinkers' Taste For Aperol Propels Campari Sales esmmagazine.com
- The future is orange: Campari tests selling Aperol in China bworldonline.com