Overview

• Bialetti, known for its iconic stovetop espresso makers, has been acquired by Chinese entrepreneur Stephen Cheng from Hong Kong.
• The acquisition involved the purchase of nearly 79% of the company’s shares via the Luxembourg-based investment fund Nuo Capital.
• The purchase price was approximately €53 million, addressing Bialetti's financial difficulties, which include over €100 million in debt and unpaid taxes.
• Founded in the 1930s by Alfonso Bialetti, the brand remains a staple in households worldwide but faces challenges from capsule-based coffee systems.
• The acquisition marks a strategic shift in ownership, with plans likely focusing on restructuring and revitalizing the historic Italian brand.