As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up in Friday afternoon trade as a series of developments overnight on the U.S.-China trade front dampened hopes of a deal being reached between...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
PARIS, May 28 (Reuters) - Italy's largest coffee group Lavazza has no plans for a market listing and is focused instead on organic growth and integrating companies bought last year, its vice-president told Reuters.
Lavazza, which wants to generate 70% of group revenue outside Italy by 2021, views the United States, France, Germany, Britain, Australia, Russia and Poland as key regions for future expansion, Giuseppe Lavazza said on Tuesday.
With revenue of just under 2 billion euros ($2.2 billion), Lavazza remains well behind industry leaders Nestle, JAB Holdings and Starbucks. It has long been suggested as a possible candidate for an IPO.
But while he would not rule out a stock market listing at a later date, Lavazza said a flotation was not on the cards.
"For now, our projects are already well funded through our internal resources. A listing is always a possibility but it's not on the radar, not even on the medium-term radar," he said.
Asked about acquisitions, Lavazza told reporters at an event on the sidelines of the French Open tennis tournament: "Nothing is on the table for now. 2019 will mostly be a year dedicated to organic growth and integrating companies we bought last year."
The 124-year-old company, founded by Luigi Lavazza in Turin, has grown through overseas acquisitions in recent years, gradually reducing its reliance on Italy, which accounted for 36 percent of group sales in 2018.
Asked if a bond might be used to fund further growth, Lavazza said: "If it was necessary to do something very important, of course we would consider all financial tools available." ($1 = 0.8935 euros) (Reporting by Dominique Vidalon; Editing by Alexander Smith)