Eataly's revenue and margins are increasing. The chain of restaurants and points of sale committed to Made in Italy food and wine excellence, founded by Oscar Farinetti in 2004, finished last year with a turnover of 656 million euros, up 9% from 2022, while revenues from points of sale increased by 7.4% to 41 million. "The growth in revenues and margins came ahead of our initial plans and represents a positive sign for Eataly and an acceleration of the development path undertaken," said Andrea Cipolloni, chief executive officer of the company. Many reasons have contributed to the shift in speed, including "the entry of Investindustrial, a new structure with high-profile managers and skills in the food and beverage and retail sectors," explains Cipolloni. "Eataly is a complex machine; we have controlled processes and costs in a unique manner". North America is driving above all, "accounting for more than 60% of total revenues and will continue to grow: we have signed contracts for the next few years." In 2023 alone, the group opened five new stores: the third in New York and the second in Toronto, as well as three new locations in Italy (Serravalle Designer Outlet, Milan Bergamo-Orio al Serio Airport, and inside the Rome Termini train station), bringing the total number of stores to over 50 worldwide.
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