Daria Illy Steps Down from Family Holding as Illycaffè eyes Stock Market

In a significant move within the Illy Group,Daria Illy has concluded her involvement by relinquishing her approximate 19% stake in Holding Illy Spa. This transition marks the end of a chapter in the Illy family’s complex reorganization, which began in 2021 with the goal of streamlining ownership and reinforcing family branches while maintaining operational consistency and harmonious relationships.

Illy Family Reorganization: A Streamlined Future

the backdrop to Daria Illy’s departure is the family’s strategic restructuring initiated in October 2023, involving a partial non-proportional split valued at around €170 million. This maneuver led to the creation of three entities-Finilly, Sunshine, and EXGI-each designed to manage specific participations and strategic assets of the Illy group, fostering a more focused and efficient governance structure.

Specifically, Andrea Illy’s Finilly and Anna Illy’s Sunshine each received approximately 5% of Illycaffè, equating to net accounting assets of €37.5 million each. EXGI, primarily involving Riccardo Illy and his daughter Daria (who held a 31.3% share with usufruct to her father),acquired 95% of Polo del Gusto,which encompasses brands like Domori,Dammann Frères,Prestat,and Agimonana. After this restructuring, the Illy family’s stake in Illycaffè decreased to 70%, with Finilly and Sunshine completing thier entry, while the Rhône Capital fund retained its 20% share.

Did You Know? The global coffee market is projected to reach $173.43 billion by 2030, growing at a CAGR of 4.32% from 2023 [[1]].

Daria Illy’s Legacy and Future Endeavors

While Daria Illy initially maintained an active role by holding 19.5% of the family holding company (Inscan Spa group), she has now decided to conclude her 16-year journey within the family business. Since joining Illycaffè in 2009, Daria has been recognized for her managerial approach centered on partnerships and sustainability, serving in key roles such as Portioned Systems Director and Mitaca CEO. In 2017, she joined the Board of Directors of Illycaffè and the Ernesto Illy family holding foundation. Daria is now preparing for “new professional challenges in the Italian and international context,” with a particular emphasis on ESG (Environmental,Social,and Governance) issues and fostering relationships between Italy,the Arab Emirates,and Oman.

Illycaffè’s Strong Performance and future Outlook

Daria’s departure coincides with a period of significant dynamism for the Illy Group. In 2024, the company reported consolidated revenues of €630 million, a 6% increase, with an EBITDA of €110 million, up by 19%, and a net profit surge of 42% to €33 million. These results were achieved despite a 66% increase in green coffee prices. under the leadership of CEO Cristina scocchia, Illycaffè has continued to expand in international markets, particularly in the United States, where turnover exceeded €100 million, marking an 11% increase.

The group aims to pursue a stock exchange listing by 2026. “We are working as if we were already listed,” stated Scocchia, emphasizing the adoption of IFRS principles and an integrated budget. The realization of this objective will depend on market conditions.

Pro Tip: Keep an eye on Illycaffè’s financial reports and market analyses to stay informed about their progress towards a potential IPO.

Key financial Metrics

What impact will Daria Illy’s departure have on the Illy Group’s strategic direction? How will market fluctuations affect Illycaffè’s IPO plans?

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