Italian tax police have announced the seizure of assets valued at 1.29 billion euros ($1.5 billion) connected to a Luxembourg-based holding company’s shares in the Campari Group, as part of a tax fraud probe.
The move targets Lagfin, the controlling shareholder of Campari, founded in 1860 and one of the world’s leading premium spirits companies. The seizure was approved by a judge in Monza, northeast of Milan, and is described as a precautionary measure while authorities investigate potential tax evasion. The probe reportedly began after a tax audit following a merger in which Lagfin absorbed its Italian subsidiary.
In a statement, Lagfin emphasized that the investigation relates to a broader tax dispute spanning about two years and insisted that Campari Group itself is not implicated in any wrongdoing. The company said it has always acted in full compliance with Italian tax law and will “defend itself vigorously.”
Since Lagfin controls more than 80% of Campari’s voting rights, it maintains that the seizure will not impact its position as the company’s controlling shareholder. Lagfin, founded in 1995 and tied to the family of Campari Chairman Luca Garavoglia, serves primarily as Campari’s controlling entity.
Campari, known globally for its iconic red aperitif, also owns Aperol, Grand Marnier, tequilas, and American bourbons, and has become a major player in the premium spirits market.
This seizure marks a significant moment in Italian tax enforcement, underscoring the authorities’ willingness to pursue high-value corporate assets in cross-border investigations.
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