Here’s how Poke House shopped in the US
Poke House, an Italian company specializing in poke, has acquired the American Sweetfin. Here are the balance sheet numbers and the company's growth plan
Poke House is a chain of Italian restaurants specializing in the poke, a Hawaiian dish (later revised by the Californian culture) served in a primarily raw fish bowl (bowl), often combined with white rice and avocado.
The company was born in 2018, founded by Vittoria Zanetti and Matteo Pichi. It is based in Milan and is present in various cities of Italy, both in the North and in the South, as well as in various European countries (France, Spain, Portugal, United Kingdom).
Today Poke House announced that it has become the main shareholder of Sweetfin, an American company – has been active in Santa Monica, California, since 2017 – specializing in poke.
THE NUMBERS OF POKE HOUSE
Poke House closed 2021 with a turnover of over 40 million euros. The company aims to open eighty stores between Europe and the United States, thus reaching a total of 170, and to bring its turnover above 100 million euros.
THE PLANS FOR SWEETFIN
Sweetfin, on the other hand, will proceed with forty new openings in the US states of California, Texas and Arizona.
PUSH ON HOME DELIVERY
Poke House says home delivery will be an important part of the offer in the United States as well.
WHO MANAGED THE OPERATION
The operation was managed, for the part of Poke House, by the lawyer Giulia Bergamasco with the support of the Matterhorn Legal firm. Sweetfin, on the other hand, was assisted by Cooley.
THE DECLARATIONS
Matteo Pichi, co-founder and CEO of Poke House, said that, with the purchase of Sweetfin, Poke House enters "the American market through the front door, and through an iconic and much loved by locals brand that has made poke an inspiration. a real institution in California ".
Seth Cohen, president and co-founder of Sweetfin, said he was "proud of the partnership with Poke House, the leading poke brand in Europe with a solid international presence, an incredible rate of growth and a strong focus on technology".
THE NUMBERS OF POKE HOUSE
As of September 30, 2021, Poke House had 278 employees, 18 shareholders and a share capital of € 29,940.35.
The company's partners are the co-founders Matteo Pichi (6665.6 euros) and Vittoria Zanetti (1777.6 euros), Milano Investment Partners (6724.1 euros), Fibonacci Srl (3502.8 euros) and Immobiliare San Rocco (1419 ,5 €).
The financial statements as at 31 December 2020 reported costs for raw materials of 4,183,503 euros, costs for services of 3,339,920 and total costs for personnel of 3,345,735. Revenues from sales and services amounted to € 10,342,183. The income statement closed with a loss of 1.6 million euros
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/poke-house-sweetfin/ on Tue, 18 Jan 2022 07:02:18 +0000.