Eataly, the Cipolloni cycle concluded

… Cipolloni was appointed CEO in 2022, corresponding with the entry of the Investindustrial fund led by Guido Bonomi into the shareholding structure with 52%.

During this period, Eataly ‘increased its total revenues from around €450 million to over €700 million in 2025, expanding its global presence and creating a solid pipeline through the opening of more than 20 new shops, bringing the total number to 69,’ the press release mentions.

But despite a EUR 75 million capital increase in 2025, net debt remains at around EUR 140 million. While the balance sheets continue to close at a loss…