Kerry Logistics Extends into Coffee Trading and Distribution of Full illycaffe Product Range with Establishment of Kerry Coffee

Wednesday, 15 May 2019, 17:59 HKT/SGT

HONG KONG, May 15, 2019 - (ACN Newswire) - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) announced the establishment of Kerry Coffee (Hong Kong) Limited ('Kerry Coffee') to extend its business into the trading of coffee and related products, as well as to further deepen its partnership with Italian coffee group illycaffe.

Robert Berger, Executive Director - Fashion & Lifestyle of Kerry Logistics (Hong Kong), oversees Kerry Coffee, which consolidates illycaffe's entire product selection under a sole distributor in Hong Kong.

Kerry Coffee will be the sole distributor of illycaffe's complete product range in Hong Kong and Macau, including the iperEspresso coffee machines, capsules, coffee beans, and other coffee-making equipment and accessories.

Kerry Logistics has been enjoying a partnership with illycaffe since 2017, providing total integrated logistics solutions for illycaffe and acting as the sole distributor of iperEspresso coffee machines and capsules in Hong Kong. The launch of Kerry Coffee will consolidate illycaffe's entire product selection under one operator in Hong Kong to facilitate brand building and market penetration. It will also mark the expansion of Kerry Logistics' food services business to capitalise on the growing coffee culture in the territory.

Robert Berger, Executive Director - Fashion & Lifestyle of Kerry Logistics (Hong Kong), said, "We are thrilled to take our collaboration with illycaffe a step further. The establishment of Kerry Coffee and the consolidation of illycaffe's full product range under the new company will enhance the cost-efficiency of the sales and distribution operation, and enable illycaffe to increase its market share and brand recognition in Hong Kong and Macau. The development also enriches Kerry Logistics' food services business and allows greater product diversification to serve HORECA and club customers in Hong Kong and Macau."

Embodying the distinctive coffee culture in Italy, illycaffe is one of the world's most global coffee brands. Kerry Coffee will provide total logistics solutions, sales, and marketing to ride on the flourishing coffee culture in Hong Kong and Macau, solidify the market position of the illy brand and establish Kerry Coffee as a major player in the coffee market.

About Kerry Logistics Network Limited (Stock Code 0636.HK)
Kerry Logistics is an Asia-based, global 3PL with the strongest network in Asia. Its core competency is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce overall costs, and improve response time to market. Kerry Logistics has a network covering 53 countries and territories, and is managing 60 million sq ft of land and logistics facilities worldwide, providing customers with high reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Main Board of the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2017-2018.

About illycaffe
illycaffe is an Italian family business, founded in Trieste in 1933 and committed to offering the greatest coffee to the world. illy is the world's most global coffee brand, producing the unique illy 100% Arabica blend made of 9 of the world's best selections of Arabica; each day more than 7 million cups are served in over 140 countries in the finest cafes, restaurants, hotels, and in offices and homes. illy has become the standard forerunner of espresso, and thanks to three critical innovations, is considered the leader in the science and technology of coffee. With the bestowing of the first "Ernesto Illy Award for quality espresso coffee" in 1991 in Brazil, illy also pioneered direct sourcing, sharing know-how, and paying a premium price for the best quality, based on partnerships underwritten by the principles of sustainable development. The company also founded the University of Coffee with the aim of fostering and spreading its culture, providing comprehensive academic and hands-on training for coffee growers, baristas, and coffee lovers in order to cover every aspect of the product. Everything 'made in illy' is enhanced by beauty & art, which represent founding values of the brand, starting from its logo - designed by an artist, James Rosenquist - and including the renowned illy Art Collection, comprised over 100 cups designed by international artists. In 2017 the company was employing 1,290 people, and posted consolidated revenues of EUR467 million. There are approximately 244 stores and mono-brand illy shops in 43 countries.

Topic: Press release summary Sectors: Daily Finance, Daily News
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