Illycaffe CEO Eyes US as ‘Second Domestic Market’: Milan Forum
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Illycaffe Chief Executive Officer Cristina Scocchia says the company’s focus is on the polarized US, which it wants to make into a “second domestic market.” Scocchia took over at Illycaffe with a mandate to bring it to an initial public offering by 2026, likely in New York or Milan. The family-owned company has been valued at over €1 billion.
Earlier, Cassa Depositi e Prestiti Chief Executive Officer Dario Scannapieco said that the Italian state lender is pushing to play a role in developing the country’s telecoms infrastructure. Cassa Depositi has been involved in a joint bid for Telecom Italia’s landline network.