Eataly is a cash cow that just keeps giving according to Tacoma, WA based Foodservice Solutions® Grocerant Guru®, Steven Johnson. When Eataly Executive Chairman Andrea Guerra told Financial Times that The Italian food hall chain is considering a public offering and wants to fuel further expansion regular readers of this blog were not surprised.
Guerra told the Financial Times that Eataly is eager to expand the presence of its massive Italian food emporiums in the U.S. The company has five locations in the US, including two in New York and one in Chicago, Los Angeles and Boston. It was reported that Eataly's U.S. sales have doubled following the expansion.
Eataly is on pace to generate 470 million euros in sales in 2017, which would be an increase of nearly 24% over 2016. Guerra told Financial Times that Eataly can open stores for the next 10 years. “We think we can have a store in every world capital,” The team at Foodservice Solutions® believes this will be the year.
However this isn’t the first time that Eataly has indicated plans to go public. In 2016, the Italian merchant bank Tamburi Investment Partners, which owns a stake in Eataly, indicated that it planned to take the chain public in 2017.
Oscar Farinetti founded and created Eataly, opening the first, 30,000-square-foot location in Torino, Italy, in 2007. The company opened its first location in the U.S. in New York City in 2010. Eataly is filled with grocerant niche Ready-2-Eat and Heat-N-Eat fresh prepared portable food. Remember Grocerant niche fresh prepared food is booming around the world according to the team at Foodservice Solutions®.
Eataly is not a food hall, food halls are quite different in many cased they are simply food courts without a mall. Grocerant niche concepts the ilk of Eataly are on the rise driving top line sale, bottom line profits what garnering evolving an migrating food consumers according to Johnson.
For international corporate presentations, educational forums, or keynotes contact: Steve@FoodserviceSolutions.us the Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. His extensive experience as a multi-unit restaurant operator, consultant, brand / product positioning expert and public speaking will leave success clues for all. Visit: www.FoodserviceSolutions.us for more information