Private equity firm KKR is preparing to sell German automatic coffee machine manufacturer WMF, according to media reports. The sale is expected to net about US$2 billion for KKR. The company, which makes cutlery, pots and pans, as well as high-end coffee machines mainly for cafes and restaurants, will be sold either as a whole or in parts. KKR purchased a majority share of WMF for more than US$650 million in 2012, later acquiring the remaining shares to take full ownership of the company.
illycaffè renews partnership with Salone del Mobile.Milano
Italian coffee company illycaffè has renewed its role as the official partner of international design fair Salone del Mobile.Milano, taking...