Italy’s Illycaffe could reach its goal of opening 200 cafes in the United States within five years as part of a broader drive to expand its business outside its home market, Andrea Illy, the chairman of the premium coffee maker said. The project - which would mark a significant expansion overseas for the Italian roaster - is conditional on finding an ally with deep knowledge of the U.S. market, sound experience in the high-end retail sector and no previous engagement in the coffee business, the entrepreneur said.
The group announced last week that it had picked Goldman Sachs as an adviser to find a partner for its retail expansion in a strategic market where it faces giants including Starbucks (SBUX.O). The group, which made its name as a coffee roaster, currently operates 23 cafes in North America, part of a network of nearly 220 illy-branded outlets outside Italy.
SOURCE: https://www.reuters.com/
Italian brakes maker Brembo will build a new foundry in Michigan to expand its manufacturi...
How has Italy influenced the world of Jewelry? Join us for a special lecture on the a...
Philadelphia’s Gran Caffe L’Aquila is no stranger to tragedy. In fact, the landmark Italia...
Miami-born and Italy-raised, jewelry designer and accomplished equestrian Lucrezia Buccell...
Iconic Italian design brand Alessi is celebrating its centennial with an exhibition titled...
Conto alla rovescia per Be Italian, il nuovo salone organizzato da Lombardia Fiere dedicat...
Filmmaker Luca Guadagnino revealed in a recent interview that he has no immediate plans to...
The "entire" Italy spirits and liqueurs sector is at risk from US tariffs, wine and spirit...