Massimo Zanetti Beverage Group S.p.A. Suspends Financial Guidance for 2020

Massimo Zanetti Beverage Group SpA (MZB Group) is an Italy-based holding company engaged in the food processing industry. The Company mainly focuses on the production of coffee. Massimo Zanetti Beverage Group SpA controls the entire roasted coffee value chain, including the procurement of the raw material and roasting, as well as the marketing and logistics of the products. MZB Group operates various brands, such as Segafredo Zanetti Espresso, Segafredo Zanetti, Puccino's, La San Marco Boncafe, Bonchoco, Fabia, iCafe, Kauai, Meira, Tiktak and Chock full o'Nuts, among others. In addition, MZB Group distributes compact, semi-automatic machines and bar equipments, as well as single dose coffee capsules and other products, such as tea, cocoa, chocolate, drinks and spices. Moreover the Company operates a coffee house network through three different franchising and licensing concept types. It operates through Segafredo Zanetti Worldwide Italia SpA.