For Roasters & Retailers

Coffee Gets A Jolt To Close 2019 As illycaffe Seeks Proper Price

From: bloomberg.com

In this week’s “Commodity-In-Chief” on “Bloomberg Commodities Edge”, Alix Steel talks Andrea Illy, chairman of Illycaffe SpA, one of Italy’s largest coffee roasters. The company this week kicked off the sale of a minority stake to support its expansion in the U.S. market, people familiar with the matter said. One of the most prized brands in coffee, Illy is still run by the family that founded the roaster in the northeastern city of Trieste in the 1930s.

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