360 Capital Partners and Eataly launch Eataly Net
360 Capital Partners has teamed up with Italian food retailer Eataly to found Eataly's online business Eataly Net.
360 Capital took a 30% stake in Eataly Net, while Eataly kept 60% of the new business alongside its CEO and co-founder Franco Denari, who holds 10%.
The new business will target the global e-commerce market and plans to benefit from creating subsidiaries with Eataly's local partners in the US and Japan.
Company
Eataly Net is the e-commerce business of Italian high-end food retailer Eataly. Its first points of market entry are Italy, the US and Japan, where its parent company Eataly is currently active.
Eataly was founded in 2007 with its first store opening in Turin. It has further stores in Rome, Milan, Bologna, Genoa, Tokyo and New York. The business is led by CEO and co-founder Luca Baffigo. It also offers educational culinary workshops for school children and the elderly.
People
Fausto Boni is co-founder and general partner at 360 Capital. Eataly Net is headed by CEO Franco Denary.
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