Monday 06 May 2024
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Lavazza considering new acquisitions to help boost turnover, says CEO

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MILAN – Italian coffee maker Lavazza is considering new acquisitions in a bid to increase its turnover to 2.2 billion euros ($2.4 billion) over the next four years, CEO Antonio Baravalle (PICTURE) said on Tuesday.

Sales at the family-owned company rose 29 percent to 1.9 billion euros last year following the acquisition of French coffee brand Carte Noire and Denmark’s Merrild.

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