Allegrini 2018

“Eataly in every capital in the world”

The consolidated turnover reached 465 million euros, up 20% on 2016
Eataly, Farinetti, News
Andrea Guerra and Francesco Farinetti

Loved and widely acclaimed at its debut, discussed and chatted up in recent times, Eataly, Oscar Farinetti’s creation, is certainly successful, and over the years has changed the way one thinks about the distribution of quality food. Now the group is celebrating a positive 2017. On April 27th, the Eataly shareholders’ meeting approved the first consolidated financial statements in its history - the consolidated turnover reached 465 million euros, up 20% on 2016, thanks to the great performances of stores already in full operation as well as openings of new stores (Boston, Trieste, Moscow, Tokyo, Los Angeles, Stockholm, as well as Fico Eataly World in Bologna), despite the foreign exchange penalty. In Italy it grew 7%, while in the US it reached 48%, also thanks to the contribution of new stores. The gross operating margin was 25 million euros, up compared to 2016. And the future holds listing on the Stock Exchange in 2019, China, upon finding the right partner, and much more, explained the executive president Andrea Guerra (in the photo with Francesco Farinetti), “we have 10 years of growth ahead of us, and we want to open an Eataly in every capital in the world” (https://goo.gl/uKaXq2).

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