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Company Response

8 Apr 2022

Author:
Illycaffè

Illycaffè response

...Illycaffè brings concrete support to alleviate the pain of the population involved in the conflict supporting the Francesca Rava Foundation, which immediately took action to bring help to pediatric and general hospitals in Ukraine...

The company suspended the delivery of coffee to the Russian distributor (who distributes coffee products and coffee machines in Russian territories)...

We never officially suspended our sales in Ukraine, although we do not expect orders to fulfill, given the circumstances We are anyway sending coffee to population for free. For the time being we haven’t taken any specific action, other than staying in close contact with them. For the records, we have c.ca 105K€ worth outstanding receivables we are currently not chasing the distributor with...

Timeline