Trieste based coffee maker illycaffè
told ANSA Monday it was weighing whether to move part of its
production to the United States if Donald Trump's announced
April 2 tariffs hit coffee.
"We are scouting, we are evaluating whether part of what we sell
on the US market can be produced there, in the United States.
We
hope it is not necessary" but "we are all holding our breath to
understand if duties on coffee will arrive", the CEO of
illycaffè, Cristina Scocchia, said in an interview with ANSA.
For the manager, if the tariffs were to also hit the coffee
sector, "they will not be easy to manage".
"It takes two years to build an assembly line", therefore the
solution, "a real reaction to the tariffs should involve
identifying some facility".
Illycaffè S.p.A.
(branded and stylised as illy) is an Italian
coffee company specializing in espresso, headquartered in
Trieste.
Illy markets its coffee globally in silver and red pressurized,
oxygen-free cans; operates a network of cafes on shopping
streets, in museums, and in airports; and, since 2009, has
marketed a line of coffee-flavoured energy drinks as illy
issimo.
Illy was founded in 1933 by Francesco Illy, remains
family-controlled and employs about 2700+ employees (2015). 2022
revenues totalled €567.7 million, and in late 2019, illycaffè
sought to expand into the United States market, offering a 20%
stake in the company to potential investors.
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