illy is worth a billion: Rhône pays 200 million for 20%, the question remains of Francesco’s 23%

From comunicaffe.it

The handover of 20 percent of illycaffè’s capital for 200 million, with a global valuation of the company of one billion euros, has sparked many comments and even rumors. As explained personally by the president of illycaffè Andrea Illy, the operation was decided to finance above all the expansion of the brand in the United States. Where coffee and espresso are experiencing a magical moment.

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