Coffee Service

Illycaffè plans US expansion

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June 14, 2021

Illycaffè SpA, a Trieste, Italy-based specialty coffee company, plans to add more Illy Caffè shops this year in the U.S. to increase its share of the market, according to a report in The Wall Street Journal.

The company sells its own coffee machines in addition to its own packaged coffee directly to consumers through retail outlets including supermarkets and its own branded cafes, while also selling to hotels, restaurants and other cafes.

Gruppo Illy sold a 20% stake in Illycaffè to Rhone Capital LLC earlier this year, a New York-based private-equity firm.