Illycaffe seeks U.S. retail partner to expand its coffee cafe network

Premium coffee maker Illycaffe is ready to sell a stake in the Italian company to a strategic partner to help it boost its retail network, the family-owned group said on Thursday.

The coffee maker has picked Goldman Sachs to find a major U.S.-based retailer as a partner to expand Illy’s U.S.-branded cafes to 200, more than 10 times its current footprint.

The roaster – which serves up 7 million cups of its brew in restaurants and cafes each day – is currently 100% owned by the Illy family.

Reuters