Lavazza Group buys 80 per cent stake in Kicking Horse Coffee
TORONTO — The Lavazza Group has purchased an 80 per cent equity stake in Kicking Horse Coffee.
The B.C.-based organic and fair-trade coffee roaster was valued at $215 million. The Italian coffee company acquired their stake in Kicking Horse from a private equity fund that has held the investment since 2012. Kicking Horse co-founder Elana Rosenfeld will keep the remaining 20 per cent stake in the company and continue to serve as its CEO.
She started the company in 1996.