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{{short description|Multinational foodservice company headquartered in London, England}}
{{refimprove|date=August 2012}}
{{Infobox company
{{Infobox company
| name = SSP Group Limited
| name = SSP Group plc
| logo = SelectServicePartner.svg
| logo =
| type = [[Public company|Public]]
| caption =
| traded_as = {{lse|SSPG}}<br>[[FTSE 250 Index|FTSE 250 Component]]
| type = Privately owned company (5735966)
| traded_as =
| fate =
⚫
| predecessor =
⚫
| genre = <!-- Only used with media and publishing companies -->
| fate =
| successor =
⚫
| foundation = 1961
⚫
| predecessor =
| successor =
| founder =
| location = [[London]], England, UK
⚫
| foundation =
| founder =
| locations =
⚫
| area_served = Worldwide
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| key_people = Mike Clasper, Chairman<br>Patrick Coveney, Chief Executive
| location = 1 The Heights, Weybridge, Surrey
⚫
| industry = [[Foodservice]]
| locations =
| products = Restaurants, Cafes, Bars, Fast Food
⚫
| area_served = Worldwide
⚫
| production =
| key_people = [[Kate Swann]]<br><small>Chief Executive</small>
| services = [[Foodservice]]
| industry =
| revenue = {{increase}} [[Pound sterling|£]]3,009.7 million (2023)<ref name=results>{{cite web|url=https://www.foodtravelexperts.com/media/pdxhbe3v/ssp-ar_financials_2023.pdf|title=Annual Report 2023|publisher=SSP Group|access-date=13 February 2024}}</ref>
| products = Restaurants
| operating_income = {{increase}} £204.8 million (2023)<ref name=results/>
⚫
| production =
| net_income = {{increase}} £56.1 million (2023)<ref name=results/>
⚫
| services = [[Foodservice]]
⚫
| aum = <!-- Only used with financial services companies -->
| revenue =
| operating_income =
| assets =
| net_income =
| equity =
| owner =
| aum = <!-- Only used with financial services companies -->
| num_employees = 41,772 (2023)<ref name=results/>
| assets =
| equity =
| parent =
⚫
| divisions =
| owner = [[EQT Partners]]
⚫
| subsid =
| num_employees = c.28,000
⚫
| homepage = {{nowrap|{{URL|https://www.foodtravelexperts.com}}}}
| parent = [[Compass Group]] (1993-2006)
| divisions =
| footnotes =
⚫
| subsid =
⚫
| homepage = [http://www.foodtravelexperts.com/home/ SSP]
| footnotes =
| intl = yes
}}
}}
'''SSP''' is an operator of food and beverage outlets in travel locations. The company, headquartered in [[London]], England, is listed on the [[London Stock Exchange]] and is a constituent of the [[FTSE 250 Index]].

'''Select Service Partner''' (or '''SSP''') is a British restaurant company. It runs several [[restaurant chain]]s around the world as a [[Concession (contract)|concessionaire]].


==History==
==History==
The business was established as a division of Scandinavian airline [[SAS Group]] under the name of SAS Catering in 1961.<ref>{{cite press release |url=https://www.eqtpartners.com/news/Press-Releases/2006/EQT-to-acquire-Select-Service-Partner-from-Compass/ |title=EQT to acquire Select Service Partner from Compass |publisher=EQT |date=9 April 2006 |access-date=23 January 2019}}</ref> Its Select Service Partner (SSP) division was acquired by [[Compass Group]] in May 1993 for £72 million.<ref name=guardian>{{cite news|url=https://www.theguardian.com/business/2006/apr/10/food.foodanddrink|title=Compass sells Moto service stations and Upper Crust food chain for £1.8bn|work=[[The Guardian]]|location=London|date=10 April 2006|access-date=8 September 2014}}</ref> Compass then merged SSP with several other companies it owned, including [[Travellers Fare]], [[British Rail]]'s former catering division which had been privatised under a management buy-out in 1988 before being bought by Compass in 1992.<ref>{{cite web|url=http://www.cinven.co.uk/ourinvestments/default.aspx?investmentid=87 |title=Travellers Fare |publisher=Cinven|access-date=8 September 2014 }}</ref> In 2006 the business was bought by [[EQT Partners]] for £1.822 billion.<ref name=guardian/> The company was the subject of an [[initial public offering]] in 2014.<ref>{{cite web|url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10958894/Shares-rise-in-SSP-stock-market-debut.html|title=Shares rise in SSP stock market debut|publisher=The Telegraph|date=10 July 2014|access-date=8 September 2014}}</ref>
It became a division of [[Compass Group]], the world's biggest food service company, itself part of [[Grand Metropolitan]] until 1987 until a £160 million management buy-out. Compass Group bought the company on 27 May 1993 for £72 million, which was announced on 19 May 1993. Compass put the company up for sale in September 2005, and in 2006 it was bought by [[EQT Partners]]. [[Kate Swann]] became Chief Executive in 2013.


In 2023, SSP announced its entry to the Italian and Icelandic market. The company also announced its expansion in North America with the acquisition of the concessions business of Midfield Concession Enterprises Inc. (“MCE”)<ref>{{Cite news |date=4 May 2023 |title=SSP Acquires Midfield Concession |newspaper=Airport X|url=https://www.airportxnews.com/ssp-acquires-midfield-concession/|access-date=14 February 2024}}</ref> and, later in 2023, the acquisition of the Calgary-based business ECG Ventures Limited.<ref>{{Cite news |date=14 December 2023 |title=SSP Acquires Canada's ECG Ventures |newspaper= Airport X|url=https://www.airportxnews.com/ssp-acquires-canadas-ecg-ventures/|access-date=14 February 2024}}</ref>
SSP was divested from Compass Group in June 2006 for £1.822 billion. At the point of sale, SSP employed around 28,000 people in 28 countries and had made £114 million in profit. In the auction for SSP, [[PAI Partners]] were also bidders.


In 2024, SSP entered into an agreement to acquire 100% of the shares of Airport Retail Enterprises Pty Ltd (“ARE”) in Australia.<ref>{{Cite news |last=Walsh |first=Dominic |date=12 February 2024 |title=Australia deal offers appetising prospect for SSP |url=https://www.thetimes.co.uk/article/12ssp-8h959hg80 }}</ref>
==Structure==
It has its group office at Brooklands, Weybridge, which concerns its international operations. Its UK operations are at the office on Euston Road, London.


===Divisions===
==Operations==
[[File:SSP units at Suvarnabhumi Airport in Bangkok, Thailand.jpg|alt=Three units in airport|thumb|240x240px|'''SSP units at Suvarnabhumi Airport in Bangkok, Thailand''']]
⚫
*[[Caffè Ritazza]]
SSP has a portfolio of brands, including its own and those it franchises. Brands range from well-known grab ‘n’ go sandwich shops and cafés to casual dining restaurants and bespoke high-end concepts. SSP operates international brands, national brands and local heroes, which are prominent brands in specific markets, as well as brands and concepts it has created. Some examples are:<ref>{{Cite web |date=5 December 2023 |title=Our markets - SSP |url=https://www.foodtravelexperts.com/our-markets/ |website=SSP website}}</ref>
*[[Marks & Spencer#M.26S Simply Food|Marks & Spencer Simply Food]]

⚫
*[[Millie's Cookies]]
{{div col|colwidth=22em}}
*Le Grand Comptoir
*[[Upper Crust (restaurant chain)|Upper Crust]]
*[[Upper Crust (restaurant chain)|Upper Crust]]
⚫
*[[Caffè Ritazza]]

*[[Starbucks]]
⚫
===Former divisions===
*[[Burger King]]
* [[Harry Ramsden's]], bought from Compass Group in 2006, and was sold in January 2010, having put the company on the market in October 2007<ref>[http://news.bbc.co.uk/1/hi/england/west_yorkshire/7034033.stm Harry Ramsdens]</ref>
*[[YO! Sushi]]
*[[Le Train Bleu (restaurant)|Le Train Bleu]]
*UrbanCrave
⚫
*Millies Cookies
*Nippon Ramen
*M&S
{{div col end}}


==References==
==References==
Line 60: Line 63:


==External links==
==External links==
* [http://www.foodtravelexperts.com/home/ SSP]
* [https://www.foodtravelexperts.com Official site]


{{UK Food}}
{{UK Food}}
{{FTSE 250 Index constituents}}

{{Authority control}}


[[Category:SSP Group| ]]
[[Category:Catering and food service companies of the United Kingdom]]
[[Category:Catering and food service companies of the United Kingdom]]
[[Category:Companies based in Surrey]]
[[Category:Food and drink companies established in 1961]]
[[Category:Companies established in 1961]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:Foodservice companies]]
[[Category:Swedish companies established in 1961]]
[[Category:Elmbridge]]
[[Category:British companies established in 1961]]

Revision as of 23:20, 28 February 2024

SSP Group plc
Company typePublic
LSE: SSPG
FTSE 250 Component
IndustryFoodservice
Founded1961
HeadquartersLondon, England, UK
Area served
Worldwide
Key people
Mike Clasper, Chairman
Patrick Coveney, Chief Executive
ProductsRestaurants, Cafes, Bars, Fast Food
ServicesFoodservice
RevenueIncrease £3,009.7 million (2023)[1]
Increase £204.8 million (2023)[1]
Increase £56.1 million (2023)[1]
Number of employees
41,772 (2023)[1]
Websitewww.foodtravelexperts.com

SSP is an operator of food and beverage outlets in travel locations. The company, headquartered in London, England, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The business was established as a division of Scandinavian airline SAS Group under the name of SAS Catering in 1961.[2] Its Select Service Partner (SSP) division was acquired by Compass Group in May 1993 for £72 million.[3] Compass then merged SSP with several other companies it owned, including Travellers Fare, British Rail's former catering division which had been privatised under a management buy-out in 1988 before being bought by Compass in 1992.[4] In 2006 the business was bought by EQT Partners for £1.822 billion.[3] The company was the subject of an initial public offering in 2014.[5]

In 2023, SSP announced its entry to the Italian and Icelandic market. The company also announced its expansion in North America with the acquisition of the concessions business of Midfield Concession Enterprises Inc. (“MCE”)[6] and, later in 2023, the acquisition of the Calgary-based business ECG Ventures Limited.[7]

In 2024, SSP entered into an agreement to acquire 100% of the shares of Airport Retail Enterprises Pty Ltd (“ARE”) in Australia.[8]

Operations

Three units in airport
SSP units at Suvarnabhumi Airport in Bangkok, Thailand

SSP has a portfolio of brands, including its own and those it franchises. Brands range from well-known grab ‘n’ go sandwich shops and cafés to casual dining restaurants and bespoke high-end concepts. SSP operates international brands, national brands and local heroes, which are prominent brands in specific markets, as well as brands and concepts it has created. Some examples are:[9]

References

  1. ^ a b c d "Annual Report 2023" (PDF). SSP Group. Retrieved 13 February 2024.
  2. ^ "EQT to acquire Select Service Partner from Compass" (Press release). EQT. 9 April 2006. Retrieved 23 January 2019.
  3. ^ a b "Compass sells Moto service stations and Upper Crust food chain for £1.8bn". The Guardian. London. 10 April 2006. Retrieved 8 September 2014.
  4. ^ "Travellers Fare". Cinven. Retrieved 8 September 2014.
  5. ^ "Shares rise in SSP stock market debut". The Telegraph. 10 July 2014. Retrieved 8 September 2014.
  6. ^ "SSP Acquires Midfield Concession". Airport X. 4 May 2023. Retrieved 14 February 2024.
  7. ^ "SSP Acquires Canada's ECG Ventures". Airport X. 14 December 2023. Retrieved 14 February 2024.
  8. ^ Walsh, Dominic (12 February 2024). "Australia deal offers appetising prospect for SSP".
  9. ^ "Our markets - SSP". SSP website. 5 December 2023.

External links


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