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Eataly Expanding and Considering Italian IPO
Despite posting a net loss in 2016, Eataly has plans to continue with its worldwide expansion. Along with these plans, the Italian dining emporium also aims to offer its initial public offering on the Milan stock exchange as soon as next year.
In November alone, the company opened two new locations: FICO Eataly World in Bologna, Italy, which is considered to be like the Disneyland of pasta, and a 70,000-square-foot, three floor dining plaza in Los Angeles. Executive Chairman Andrea Guerra says the company is on track to increase revenue by 25% this year.
Over the next two years, Eataly intends to add seven new locations in six countries across North America and Europe. Guerra says the dream is to “have a store in every world capital.”
For comments, questions or concerns, please contact Daniella Soloway
