The world’s top coffee brands are consolidating and Italy’s Segafredo is no exception.
Its parent Massimo Zanetti Beverage Group is listing 35.6% of the coffeemaker on the market to raise 200 million euros for market expansion.
Italy’s leading coffeemaker will thus become the country’s first to enter the stockmarket. Segafredo is a third-generation family business present in 110 countries worldwide. It earned 69 million euros in 2014 on 781 million euros of revenues, a 15% rise. it also has nearly half a billion euros of debt.