LVMH Group's acquisition of a majority stake in Cova Coffee parent Company will keep the original location of the store unchanged.
The LVMH Group has bought a majority stake in Pasticceria Confetteria Cova, the owner of the Cova brand and Cova Montenapoleone Srl, and owns the most fashionable and popular coffee shop in Milan, located on Via Montenapoleone Avenue. The exact amount of the acquisition has not yet been announced, while the Faccioli family, the former owner of Pasticceria Confetteria, continues to hold shares in the company and provide assistance to the future operation of the Cova brand.
LVMH Group said that it will keep the original location of the store unchanged and provide maximum funding for its future development, so that it can develop harmoniously.
(responsible Editor: Leo)
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2013 report on Coffee consumption Trends in the United States
According to the recent 2013 International Coffee Beverage Trends report released by the International Coffee Association, 83% of Americans bought at least one cup of coffee or coffee drink a day in the past year. According to the annual market research report, daily coffee consumption held steady at 63% in all adult groups, rising slightly to 75% from the same period last year. Although it is not yet fully defined, the report also
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