Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Mercato Metropolitano to open 10 sites worldwide in £35m expansion

25 January 2021 by
Mercato Metropolitano to open 10 sites worldwide in £35m expansion

Food hall operator Mercato Metropolitano has revealed plans to open a further 10 markets in London, Europe and the United States by 2025.

The £35m expansion will focus on major cities around the world and is expected to create around 2,000 jobs.

Mercato Metropolitano was founded by Andrea Rasca, a former vice-president of Italian food hall brand Eataly, in Milan in 2015. It has opened two food halls in London, in Elephant & Castle in 2016 and in a former Mayfair church (pictured) in 2019.

Sites in London's Canary Wharf and Elephant Park are due to open this summer, followed by a location in Ilford in autumn.

Global locations are set to launch in Atlanta, Boston, Miami and New York in the US, and Berlin, Lisbon and Milan in Europe over the next four years. There are long-term plans to open further markets in smaller cities in the UK and worldwide.

Mercato Metropolitano reported sales of almost £10m last year despite being closed for four months with limited trading during the pandemic. Managing director Amedeo Claris cites the group's focus on sustainability as the key to its success.

Rather than charging traders rent, Mercato Metropolitano takes a share in top-line sales and provides trading stands with utilities and extraction in place. Operators pay a small entry fee as well as ingredient, staff and business overheads while the markets bear the cost of cleaning, securing and managing common areas.

All dishes are served in recyclable and compostable materials, while traders are unable to serve heavily processed food and drinks.

Claris said: "Ultimately, we are developing a sustainable business model that aims to shorten the food supply chain, make quality food more affordable, and promote the importance of communal eating as a catalyst for social cohesion."

Mercato Metropolitano claims it served four million people at its two London markets in 2019 and has incubated over 100 food and drink start-ups to date.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking