Illycaffe Expanding in US and China Ahead of 2026 IPO, CEO Says

Italian coffee roaster Illycaffe SpA is on track to meet its goal of having an initial public offering by 2026, according to Chief Executive Officer Cristina Scocchia.

The company boosted sales about 14% to €567.7 million ($608.1 million) in 2022 — its best growth in 10 years. Ahead of an IPO, Illycaffe plans to increase its presence in China and the US.

Cristina Scocchia, chief executive officer of Illycaffe, speaks at Bloomberg’s Italy Capital Markets Forum 2023 in Milan on Monday.

Photographer: Giuliano Berti/Bloomberg

Scocchia, who was interviewed on Monday at Bloomberg’s Italy Capital Markets Forum 2023 in Milan, said that the company has gotten to this size without making acquisitions, but that shouldn’t be ruled out.

“Never say never,” ...