Episode 14 · Sources
Sources cited
Eataly: Oscar Farinetti's 7 Moves to Sell Italy to the World · Oscar Farinetti
9 sources cited in this episode
Intro
- 1
FranceAgriMer, Principali esportatori mondiali di prodotti agroalimentari (2023 data) and European Commission, DOP/IGP registrations 2024
Read more Close
How many designated products there are
In 2024 Italy has 897 recognized products out of 3,484 registered across the European Union: 585 DOP, 272 IGP, 4 STG and 36 geographical indications for spirits. It is the first country in the world by number of registrations, ahead of France and Spain.
DOP (protected designation of origin) means the whole production chain takes place in a defined area. IGP (protected geographical indication) requires at least one stage of production to take place there.
The agri-food export ranking
FranceAgriMer data for 2023 put Italy in ninth place with 3.5% of world trade:
Rank Country Share 1 United States 8.7% 2 Brazil 7.7% 3 Netherlands 6.9% 4 Germany 5.2% 5 China 4.9% 6 France 4.4% 7 Spain 3.8% 8 Canada 3.7% 9 Italy 3.5% 10 Belgium 3.3% A correction to the episode
In the episode the Netherlands are named in second place. They are third: second is Brazil, driven by soybean exports to China. The point the episode makes still holds, and the gap is actually wider than described: the United States exports two and a half times as much as Italy, not "almost twice." The Netherlands export twice as much. Spain, with 3.8%, is ahead of us.
The value in euros
Italian agri-food exports reached €70 billion in 2024 (+7.5%), almost 11% of the country's total exports. The DOP and IGP food sector is worth €9.64 billion.
www.3tres3.com
Back to the paragraph (0:22)
When Eataly sold online before Amazon
- 2
Il Post, Amazon.it è online ("Amazon.it is online"), 23 November 2010
Read more Close
The fourth move
In Farinetti's plan, move number four is "make yourself known while waiting for the right place." The website was created to build an audience before the physical space, and it already sold pasta, oil, wine, beer, water, meat, sweets and grappas.
When Amazon arrived
Amazon.it opened on 23 November 2010, with over 2 million books, 450,000 CDs and 120,000 DVDs. Eataly online came four years before it.
"One of the first," not "the first"
The wording used in the episode is correct. Eataly was not the first Italian website to sell food online: Esperya, founded by Antonio Tombolini in 1998, came eight years earlier. It grew to more than a thousand traditional products and 25,000 registered customers, so much so that the L'Espresso group bought 70% of it.
Esperya also did something else that has a name today: it didn't just sell quality food, it told its story. Content marketing before the term existed.
www.ilpost.it
Back to the paragraph (4:45)
Why Eataly was meant to be built on the ring road
- 3
Slow Food Italia and Il Post, È morto Carlo Petrini ("Carlo Petrini has died"), 22 May 2026
Read more Close
The birth of the movement
Slow Food was born in Bra, in the province of Cuneo, in 1986, initially under the name Arcigola. The trigger was the protest against the opening of a McDonald's in Rome, in Piazza di Spagna.
In 1989 the international manifesto was signed in Paris, with delegates from 15 countries. The symbol is the snail. The movement's three adjectives are good, clean and fair.
Petrini's other creations
- Salone del Gusto, Turin, since 1996
- Terra Madre, an international network of food communities, since 2004
- University of Gastronomic Sciences of Pollenzo, 2004
In 2016 the FAO named him special ambassador for the Zero Hunger program in Europe. In 2019 he took part in the Synod for the Amazon at the Vatican, at the invitation of Pope Francis.
His death
Carlo Petrini died on 22 May 2026, aged 76, at his home in Bra.
His role in the birth of Eataly
The contribution Farinetti credits him with in the book is a change of course: Eataly was conceived on the Unieuro model, on the ring road, and Petrini convinced him it had to be in the city center. The reason was commercial before it was ideological: if you sell fresh food to be bought every day, customers have to be able to get there on foot.
www.ilpost.it
Back to the paragraph (8:13)
The lawsuit that almost destroyed Eataly before it was born
- 4
Legislative Decree no. 145 of 2 August 2007, misleading and comparative advertising
Read more Close
What the law says
Comparative advertising is legal in Italy, but under precise conditions. The most relevant one here: the comparison must be between goods that meet the same needs or are intended for the same purpose. A food oil and an engine lubricant do not fall into the same category, and that is the point on which the campaign was open to attack.
The current rules are in Legislative Decree 145/2007, which transposes the relevant European directive and carries over what had already been established by Legislative Decree 74/1992.
How it went
According to the book's account, Farinetti was found guilty of improper comparative advertising and the penalty was limited to removing the page. The speech he gave in court, against his lawyer's advice, leaned on Enrico Mattei, founder of Eni and a partisan, set side by side with Farinetti's own partisan father.
The court records are not public. This part of the story rests on the author's testimony alone.
Enrico Mattei
Enrico Mattei (1906-1962) was a partisan in the Resistance, then the commissioner appointed to wind up Agip, which instead of winding up he relaunched, founding Eni in 1953. He died in 1962 in the plane crash at Bascapè, which a later investigation established was deliberate.
www.normattiva.it
Back to the paragraph (10:23) - 5
Eataly, Our History, and ANSA, 27 January 2017
Read more Close
The place
The building is the former Carpano factory, the Turin house that made Punt e Mes vermouth. It stands next to the Lingotto, the disused and converted Fiat factory.
The episode says it was a difficult area, and it was: a post-industrial outskirt, with no foot traffic, and several failed commercial ventures nearby.
The opening
Eataly Torino Lingotto opened on 27 January 2007. Eataly traces the concept back to November 2002.
Who came up with the name
The consultant Celestino Ciocca claims he came up with the name in 2000 and handed it over to Farinetti in 2004, and he has written a book about it. Eataly does not recognize this version and dates the concept to November 2002. The episode tells the book's version instead: the portmanteau suggested by Barbara, secretary of his collaborator Giovanni.
The two versions cannot be reconciled with the available sources. Both are worth reporting.
www.eataly.net
Back to the paragraph (10:23)
What are Professor Cipolla's four quadrants?
- 6
Investindustrial, press release of 20 September 2022, and Il Sole 24 Ore Radiocor, Eataly 2024 financial statements
Read more Close
Stores and countries
- 44 stores in 15 countries: September 2022
- 55 stores in 15 countries: January 2025
The New York flagship
Eataly Flatiron opened on 31 August 2010 at 200 Fifth Avenue, with 300 jobs and an area of about 47,000 square feet (just over 4,300 square meters), rooftop included.
Revenue
Year Revenue Result 2019 €527M profit €8M 2023 €656M loss €28M 2024 €684M net loss €13.4M 2025 €706M adj. EBITDA €40.7M The move to Investindustrial
On 20 September 2022 the fund Investindustrial rose to 52% through a €200 million capital increase. The Farinetti family lost control. The first institutional investor had been Clubitaly, a vehicle of Tamburi Investment Partners, which in March 2014 had bought 20% for €120 million, an implied valuation of €600 million.
Watch the scope
Revenue figures circulate with different values depending on the scope used: Eataly S.p.A. alone, the consolidated group, or retail sales including franchised locations. For 2019 you find both 527 and 501 million; for 2023 both 656 and 696. Always cite the source along with the figure.
www.businesswire.com
Back to the paragraph (27:49) - 7
Carlo M. Cipolla, Allegro ma non troppo, il Mulino 1988
Read more Close
The author and the text
Carlo Maria Cipolla (1922-2000) was a professor of economic history at Berkeley and Pisa. He wrote The Basic Laws of Human Stupidity in 1976, in English, in a limited edition for friends. It reached Italy in 1988 in the volume Allegro ma non troppo, published by il Mulino.
The four types
Cipolla sorts human beings along two axes: the advantage they bring to themselves and the advantage they bring to others.
Type Self Others Intelligent gains gain Bandit gains lose Helpless loses gain Stupid loses lose In the episode the helpless type is called "the naive one." Cipolla's term is helpless (sprovveduto in the Italian edition).
The five laws
- Everyone always underestimates the number of stupid individuals in circulation.
- The probability that a person is stupid is independent of any other characteristic of that person.
- A stupid person is a person who causes losses to another person without gaining anything for themselves, or even suffering a loss.
- Non-stupid people always underestimate the damaging power of stupid people.
- A stupid person is the most dangerous type of person there is.
The third law is the one Cipolla calls the golden law, and it is the working definition on which everything else rests.
Why Farinetti uses it
Farinetti calls Cipolla's intelligent people "the righteous," says that Giovanni Soldini belongs in that quadrant, and admits he doesn't always manage it himself.
www.exmatfis.altervista.org
Back to the paragraph (26:03)
The seven things Farinetti learned from Daniel Goleman
- 8
Daniel Goleman, Emotional Intelligence, Bantam Books 1995
Read more Close
The book
Daniel Goleman, psychologist and science journalist for the New York Times, published Emotional Intelligence in 1995 with Bantam Books. In Italy it came out as Intelligenza emotiva with Rizzoli. The book stayed on the New York Times bestseller list for a year and a half.
What it argues
Goleman gathers research in psychology and neuroscience to argue that IQ predicts a person's success less than we think, and that a set of emotional skills matters just as much: self-awareness, self-regulation, motivation, empathy, social skills.
The term "emotional intelligence" is not his: it was introduced in 1990 by the psychologists Peter Salovey and John D. Mayer. Goleman brought it to the general public.
The seven things Farinetti takes from it
They are his own personal reworking, not the content of the book:
- Being afraid is not a mistake.
- Living happily is the result of a decision.
- Our emotional reference points are inside us.
- Feelings are more important than rules: to establish good rules you need good feelings.
- Self-control doesn't consist in holding back your feelings.
- You have to express your convictions with conviction, but convinced that you could also be wrong.
- To move others, you have to be able to be moved yourself.
www.danielgoleman.info
Back to the paragraph (43:16)
How to turn duty into pleasure
- 9
TorinoToday, Green Pea di Farinetti chiude dopo meno di 6 anni ("Farinetti's Green Pea closes after less than 6 years")
Read more Close
The project
Green Pea opened in December 2020 on Via Nizza in Turin, next to the Lingotto Eataly. It was presented as the first department store in the world dedicated to sustainable products: five floors, furniture, fashion, electric mobility.
The central idea was stated by Farinetti himself: shift respect for the environment from the sense of duty to the sense of pleasure. You should behave well because it makes you feel cool, not out of sacrifice.
The accounts
From 2019, the year the company was set up, to 2024, the last financial statements filed, Green Pea lost €442,000. In 2023 revenue fell 8% to €6.41 million. In 2024 it collapsed by 35%.
How it ended
Five and a half years after the opening, the first three floors are empty. Many tenants have terminated their leases on the retail spaces. The building is being converted into offices and event space.
The Farinetti family has attributed the difficulties of the retail area partly to the change in customer habits, increasingly geared toward buying online.
www.torinotoday.it
Back to the paragraph (51:09)