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{{short description|Multinational foodservice company headquartered in London, England}}
{{Infobox company
{{Infobox company
| name = SSP Group plc
| name = SSP Group plc
| logo = SelectServicePartner.svg
| logo = SelectServicePartner.svg
⚫
| type = [[Public company|Public]]
| caption =
| traded_as = {{lse|SSPG}}<br>[[FTSE 250 Index|FTSE 250 Component]]
⚫
| type = [[Public company|Public]]
| fate =
| traded_as = {{lse|SSPG}}
⚫
| predecessor =
⚫
| genre = <!-- Only used with media and publishing companies -->
| fate =
| successor =
⚫
| foundation = 1961
⚫
| predecessor =
| successor =
| founder =
⚫
| location = [[London]], England, UK
⚫
| foundation = 1961
| founder =
| locations =
⚫
| area_served = Worldwide
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
⚫
| key_people = Mike Clasper, Chairman<br>Patrick Coveney, Chief Executive
⚫
| location = [[London]], [[England]], [[United Kingdom|UK]]
⚫
| industry = [[Foodservice]]
| locations =
⚫
| products = Restaurants, Cafes, Bars, Fast Food
⚫
| area_served = Worldwide
⚫
| production =
⚫
| key_people = Vagn Sørensen, Chairman<br>[[Kate Swann]], Chief Executive
| 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, Cafes, Bars, Fast Food
⚫
| 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 = [[Pound sterling|£]]2,379.1 million (2017)<ref name=prelims>{{cite web|url=http://investors.foodtravelexperts.com/~/media/Files/S/SSP-IR/reports-and-presentations/financial-reports/ssp-annual-report-2017-v2.pdf|title=Annual report 2017|publisher=SSP Group|accessdate=30 March 2018}}</ref>
⚫
| assets =
⚫
| operating_income = [[Pound sterling|£]]162.9 million (2017)<ref name=prelims/>
| equity =
⚫
| net_income = [[Pound sterling|£]]111.2 million (2017)<ref name=prelims/>
| owner =
| aum = <!-- Only used with financial services companies -->
⚫
| num_employees = 41,772 (2023)<ref name=results/>
⚫
| assets =
| equity =
| parent =
| owner =
| divisions =
⚫
| subsid =
⚫
| num_employees = 36,783 (2017)<ref name=prelims/>
⚫
| homepage = {{nowrap|{{URL|https://www.foodtravelexperts.com}}}}
| parent =
| divisions =
| footnotes =
⚫
| subsid =
⚫
| homepage = [http://www.foodtravelexperts.com/home/ www.foodtravelexperts.com]
| footnotes =
}}
}}
'''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]].

'''SSP Group plc''' is a [[United Kingdom|British]] [[multinational company]], headquartered in [[London]], [[England]], which operates branded [[Catering]] and [[Retail]] units at over 125 airports and 270 railway stations around the world as a [[Concession (contract)|concessionaire]]. It is listed on the [[London Stock Exchange]] and is a constituent of the [[FTSE 250 Index]].


==History==
==History==
The business was established as a division of [[SAS Group]] under the name of SAS Catering in 1961.<ref>{{cite web|url=http://www.eqt.se/Newsroom/Press-Releases/2006/EQT-to-acquire-Select-Service-Partner-from-Compass/|title=EQT to acquire Select Service Partner from Compass|publisher=EQT|accessdate=8 September 2014}}</ref> It was subsequently renamed Select Service Partner ('SSP') and acquired by [[Compass Group]] in May 1993 for £72 million.<ref name=guardian>{{cite web|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|date=10 April 2006|accessdate=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|accessdate=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|accessdate=8 September 2014}}</ref>
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>

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>

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>


==Operations==
==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''']]
[[File:Cafè Ritazza, Paragon Station, Hull - geograph.org.uk - 941209.jpg|thumb|240px|A Caffè Ritazza outlet at [[Hull Paragon Interchange]].]]
SSP operates a vast portfolio of small brands - most of which are locally specific. The significant brands include:<ref>{{cite web|url=http://www.foodtravelexperts.com/international/brands/|title=Brands|publisher=SSP Group|accessdate=25 April 2017}}</ref>
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>

{{div col|colwidth=22em}}
{{div col|colwidth=22em}}
*Le Grand Comptoir
*Le Grand Comptoir
Line 51: Line 53:
*[[YO! Sushi]]
*[[YO! Sushi]]
*[[Le Train Bleu (restaurant)|Le Train Bleu]]
*[[Le Train Bleu (restaurant)|Le Train Bleu]]
*UrbanCrave
*Walter
*Millies Cookies
*Nippon Ramen
*M&S
{{div col end}}
{{div col end}}

SSP also provide outsourced catering on board a number of train services, operating under the brand RG (previously Rail Gourmet). Clients have included [[Abellio Greater Anglia]], [[Arriva Trains Wales]], [[Chiltern Railways]], [[DB Schenker]], [[East Coast (train operating company)|East Coast]], [[East Midlands Trains]], [[Eurostar]], [[First Great Western]], [[First ScotRail]], [[Gatwick Express]], [[Hull Trains]], [[Iarnród Éireann]], [[National Railway Company of Belgium]], [[Norwegian State Railways]], [[South West Trains]], [[Thalys]] and [[VR (company)|VR]].<ref>{{Cite web|url=https://www.railgourmet.com/our-clients/|title=SSP — RG|website=www.railgourmet.com|language=en|access-date=2018-01-16}}</ref>

== Criticism ==
SSP brand Rail Gourmet came under criticism for giving staff four days notice that they were being made redundant on the [[Govia Thameslink Railway|Thameslink Railway]] routes.<ref>{{Cite news|url=http://www.cityam.com/220712/thameslink-railway-under-fire-after-catering-staff-sacked-just-four-days-notice|title=Thameslink slammed as staff sacked with four days' notice|last=Neilan|first=Catherine|date=2015-07-22|access-date=2018-01-16|language=en}}</ref>


==References==
==References==
{{reflist|30em}}
{{reflist}}


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


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


{{Authority control}}
[[Category:1961 establishments in Sweden]]

[[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 established in 1961]]
[[Category:Food and drink companies established in 1961]]
[[Category:SSP Group]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:Swedish companies established in 1961]]
[[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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