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Following U.S. Expansion, Eataly Preps for IPO in Milan

Following U.S. Expansion, Eataly Preps for IPO in Milan


MILAN, ITALY
Wednesday, December 13th, 2017

Having debuted a huge, Disney-esque food theme park and taken to U.S. shores, Eataly is rumored to be eyeing an IPO in the company’s native Italy. The company expects to post sales of approximately $554 million (€470 million) this year, almost 25% higher than its 2016 fiscal year.

Eataly in downtown NY

Eataly’s listing on the Italian stock exchange, or Borsa Italiana, news source Financial Times reports, would open the opportunity for investments from around the world. International investors, including those in the U.S., would—in theory—be able to purchase shares of the company.

Andrea Guerra, Executive Chairman, EatalyExecutive Chairman Andrea Guerra told the Financial Times the team plans on a major expansion over the next decade, hoping to ultimately have “a store in every world capital.”

The company currently operates five U.S. locations, having recently expanded to the West Coast with a Los Angeles shop, and upwards of three dozen locations worldwide. And with current plans to expand even further in the next couple of years, including raising stores in Las Vegas, San Francisco, Toronto, Stockholm, Paris, and London, this could just be the beginning.

As for the IPO, the company said it could go public as soon as 2018.

Deli Market News will continue to report on this and other important companies in fresh food retail.

Eataly
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