Illycaffe Spa has granted a worldwide distribution license to Jacobs Douwe Egberts, reports Crain's Chicago Business. As part of the deal, Illy will partner with Mondelez International to sell branded capsules for Nespresso machines worldwide.
While investment bankers have been pitching Illy many types of deals, the coffee roaster has no current plans for an initial public offering because Illy would need to expand its revenue first before such a deal, says Andrea Lilly, the company's chairman. The partnership escalates the struggle between Nestle, the world's largest coffee company, and Starbucks for dominance of the international coffee market, according to the report. Full Story
Related: Barry Callebaut Releases Capsule-Style Ice Cream Machine; UK Startup Creates Compostable Pod for Organic, Fair Trade Coffee.
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