BREAKING NEWS

BREAKING NEWS

Segafredo goes part-public in quest for cash

Now Reading:

Segafredo goes part-public in quest for cash

Text size Aa Aa

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.