Lavazza to focus on organic growth after acquisitions boost 2017 core profits

Italian coffee maker Lavazza said on Tuesday it would focus on organic growth after posting a 12.5 percent rise in 2017 core profits, boosted by overseas sales and the company's recent acquisitions strategy.Lavazza's shopping spree has sharply increased its scale in recent years.After buying French brand Carte Noire and Denmark's Merrild, the Turin-based group last year purchased Canadian organic coffee firm Kicking Horse, France's ESP and Italian coffee pods and machines company Nims.