UPDATE 1-Illycaffe to steer clear of coffee industry M&A scramble
January 22, 2016 at 12:54 PM EST
DAVOS, Switzerland, Jan 22 (Reuters) - Illycaffe, the name of which is synonymous with Italian espresso, plans to stay independent even as consolidation in the global coffee sector heats up after a string of deals formed a new No. 1 player.