unpaid red of 70 million – Corriere.it

Eataly continues to accumulate debts. 605 million euros in revenues, up 30.2% compared to 2022, and an ebitda of around 25 million euros were not enough to offset the losses. The 2022 financial year closed with a loss of 25.8 million euros, over two million a month, up compared to the 22.1 million in the 2021 budget. The deficit was carried forward and so were the losses accumulated and not covered so far have reached 70 million euros, against a shareholders’ equity of 58.7 million euros, according to reports Italian affairs. The group, present in the world with 45 stores, has been led since December 2022 by the new managing director Andrea Cipolloni, who took the place of Nicola Farinetti.

52% switch to Investindustrial

After the summer, the company will change hands. Investindustrial, Andrea Bonomi’s investment company, will take over 52% of the restaurant and food retail chain created by Oscar Farinetti. The transaction provides for a capital increase of 200 million and a concomitant purchase (for an undisclosed sum) by Investindustrial of a portion of the shares held by existing shareholders, to bring the private equity firm to hold the majority. At the closing, Investindustrial will control 52% of the capital, while the historical partners Eatinvest (Farinetti family), the Baffigo / Miroglio family and Clubitaly (Tamburi Investment Partners) will own the remaining 48% of the capital.