Rhône Capital takes stake in coffee group Illycaffè
March 1, 2021
Rhône Capital has completed its purchase of a 20% holding in coffee roasting group Illycaffè. Italian newspaper Il Sole 24 Ore reported in November that the stake is worth around €200 million. The deal will allow the company to expand its global footprint, with a focus on the US, and support its long-term plans, which could include an IPO.