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Illy Chairman: People Drink Coffee Even When The Economy Slows


Illycaffe chairman Andrea Illy is pretty confident Americans will drink coffee in good times and bad.

“Coffee is quite anti-cyclical so even if the economy slowed down, there is still a good reason to drink coffee.” Illy says in an appearance on Yahoo Finance’s On the Move.

Illy is banking on reaching more American coffee drinkers in the coming years, no matter which direction the U.S. economy goes. The Italian coffee company, which posted $528 million in sales last year, hopes to have 200 operating cafes in the U.S. in the next five years.

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