Italy's Illycaffe aims to make a bigger splash in the U.S. market, CEO says

Mar 31, 2023 511

Italian premium coffee maker Illycaffè, which reported a 16% increase in operating profit last year despite cost inflation, aims to expand in the United States, already its second biggest market after Italy.

"We want to grow further, with another double digit increase," Chief Executive Cristina Scocchia told Reuters. North America already accounts for one fifth of the Italian group's revenues and reported a 27% increase in sales last year.

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SOURCE: https://www.marketscreener.com/

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