Illy Group acquires British truffle maker Prestat
Illy Group, an international brand operating in the food and beverage sector, has diversified into the premium chocolate segment with the acquisition of the well-known British brand Prestat, inventor of truffles and supplier to the British royal family.
The group already owns the premium chocolate brand Domori, which it bought in 2006, giving Prestat access to rare cocoa supplies.
The British company posted revenues of £7 million in 2018 and supplies a number of prestigious distribution chains such as Fortnum & Mason, Liberty, Selfridges, Harrods, Harvey Nichols, Daylesford and Rococo Chocolates.
It also exports its chocolates to countries including Japan, Australia, Singapore, Dubai, Switzerland, Germany and the Netherlands.