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Illy

August 7, 2015

Illy Caffé sells €70 million bond to increase market share; Cemex completes $15 billion refinancing of bank debt; and Bharti Airtel beats Reliance Industries to 4G launch

Illy Caffé sells €70 million bond to increase market share

Italian coffee company Illy Caffé has sold a €70 million ($76 million) bond in order to increase market share in the premium hospitality sector.

The move will help Illy keep up with its larger Italian rival Lavazza, and comes amid a period of consolidation in the coffee industry, which is estimated to be worth $80 billion.

February 4, 2008

It has been reported that Ernesto Illy, honourary chairman of illycaffè, has died at the age of 82.

It has been reported that Ernesto Illy, honourary chairman of illycaffè, has died at the age of 82. The cause of death has not been disclosed. He is survived by his son, Andrea, who is currently CEO of the firm.

Son of illy founder Francesco, Ernesto started a research laboratory that soon became the source of new inventions and patents. As a result, illy became a leader in innovation and technology. Inspired by his love of coffee, he promoted premium quality coffee around the world. Thanks to his tenacity, illy has become one of the largest coffee companies in the world.

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