Eataly has provided a financial update for the year ended 31 December 2022, with revenue of £25m and loss for the year of £1.3m.
In comparison, revenue was £17.2m in 2021, with a loss of £4.5m.
The Italian food hall and restaurant business opened in London’s Bishopsgate on 29 April 2021, with indoor bars and restaurants opening on 20 May 2021.
For the 2022 financial year, the company suffered impacts related to labour strikes and a lack of qualified employees, which – alongside some delay in restaurants opening – had a negative impact on sales and performance.
The increase of raw material cost and energy prices also had a negative impact on financial results, along with additional costs of the local warehouse.
In September 2022, European private equity firm Investindustrial bought a controlling stake in Eataly, with plans to push the brand’s global expansion.
The firm acquired 52% of the brand, with an investment of €200m and share purchases from existing shareholders.
