Symbol of the Italian house: the Chinese got the oldest company in Italy: EADaily

Design icon, cult brand and epitome of the Italian lifestyle: With the espresso cooker by Bialetti Italy again loses a flagship of its industry.

Symbol of the Italian house: the Chinese got the oldest company in Italy: EADaily

EADaily, April 18th, 2025. The symbol of Italian espresso and the Italian way of life passes into the hands of the Chinese. We are talking about the company Bialetti, which is more than a hundred years old. Details are given by the publication Gazeta.Pl .

The Luxembourg fund Nuo Octagon, of the Chinese family of Hong Kong Pao-Cheng, has taken over 79% of the capital for 53 million euros and is to launch an OPA on the rest.

The Italian coffee maker of all its life has been Chinese-owned for a few days. A Luxembourgish fund controlled by Chinese capital has just bought the company that for decades has been manufacturing the famous Moka coffee maker, patented in 1933 by engineer Alfonso Bialetti. Initially it was a small business. A spark of ingenuity named after a legendary Yemeni port (Mocca) dedicated to the Arabic coffee trade. Machinetta, a two-body octagonal co…

Bialetti becomes Chinese? The fault lies with those who prefer banks to businesses - Economic Scenarios

Bialetti is more than a brand, it is an icon of Italian coffee. The term is not at all an exaggeration, given that its octagonal aluminum coffee pots occupy the collective imagination of Italians and, above all, their kitchens. Invented in 1933 by Alfonso Bialetti, it has become an indispensable daily object for millions of compatriots to prepare coffee. It is also an emblematic object of design, exhibited at the Museum of Modern Art (MoMA) in N…

The Italian brand Bialetti, known for its iconic coffee makers, is being acquired by a Hong Kong investor. The brand's history dates back to the 1930s, but recent years have been particularly difficult for it. The company made bad investment decisions and struggled with competition, including from capsule coffee makers.