Who Owns Illy Coffee?
Illy coffee is one of the most popular coffee brands in the world and has been around for over 80 years. It is known for its rich and full-bodied flavor and has an international presence with cafes, restaurants, and stores in over 140 countries. So who owns Illy?
The Illy Family
Illy is still owned and operated by the Illy family, and the current chairman of the company is Andrea Illy, the son of the founder, Francesco Illy. Andrea has been at the helm of the company since 1995, and has been instrumental in expanding the Illy brand throughout Europe and around the world.
Illy Partners
In addition to the Illy family, the company also has several strategic outside partners including:
- Deutsche Bank: This financial group provides financing for Illy for expansion and acquisitions.
- Campari Group: The Campari Group is an Italian-based beverage company that has a minority interest in Illy.
- Gruppo Angelini: This Italy-based healthcare and wellness conglomerate has a minority interest in Illy, and provides access to Europe’s vast distribution networks and markets.
Illy and the Specialty Coffee Association
Illy is an active member of the Specialty Coffee Association, a trade organization that supports the specialty coffee industry. As a member, Illy works to promote the highest standards of excellence and sustainability in the industry.
Conclusion
Illy is still very much a family operation and has been for more than 80 years. The company has been able to expand and grow thanks to partners like Deutsche Bank and the Campari Group, and through its involvement with the Specialty Coffee Association. All of these factors have enabled Illy to become one of the most popular coffee brands in the world.
