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The company is a British multinational due to it being incorporated in the UK and having a headquarters in London. Also listed on the FTSE 250.
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| logo = SelectServicePartner.svg
| logo = SelectServicePartner.svg
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{lse|SSPG}}
| traded_as = {{lse|SSPG}}<br>[[FTSE 250 Index|FTSE 250 Component]]
| fate =
| fate =
| predecessor =
| predecessor =
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| locations =
| locations =
| area_served = Worldwide
| area_served = Worldwide
| key_people = Vagn Sørensen, Chairman<br>Simon Smith, Chief Executive
| key_people = Mike Clasper, Chairman<br>Patrick Coveney, Chief Executive
| industry = [[Catering]]
| industry = [[Foodservice]]
| products = Restaurants, Cafes, Bars, Fast Food
| products = Restaurants, Cafes, Bars, Fast Food
| production =
| production =
| services = [[Foodservice]]
| services = [[Foodservice]]
| revenue = [[Pound sterling|£]]2,794.6 million (2019)<ref name=prelims>{{cite web|url=https://investors.foodtravelexperts.com/~/media/Files/S/SSP-IR/reports-and-presentations/financial-reports/ssp-annual-report-2019-v1.pdf|title=Annual report 2019|publisher=SSP Group|accessdate=4 March 2020}}</ref>
| 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>
| operating_income = £221.1 million (2019)<ref name=prelims/>
| operating_income = {{increase}} £204.8 million (2023)<ref name=results/>
| net_income = £153.5 million (2019)<ref name=prelims/>
| net_income = {{increase}} £56.1 million (2023)<ref name=results/>
| aum = <!-- Only used with financial services companies -->
| aum = <!-- Only used with financial services companies -->
| assets =
| assets =
| equity =
| equity =
| owner =
| owner =
| num_employees = 39,549 (2019)<ref name=prelims/>
| num_employees = 41,772 (2023)<ref name=results/>
| parent =
| parent =
| divisions =
| divisions =
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| footnotes =
| footnotes =
}}
}}
'''SSP''' is a British [[Multinational corporation|multinational]] catering company, headquartered in [[London]], England. It operates more than 2,800 branded catering and retail units at over 180 airports and 300 railway stations across 35 countries as a [[Concession (contract)|concessionaire]]. It is listed on the [[London Stock Exchange]] and is a constituent of the [[FTSE 250 Index]].
'''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==
==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 |accessdate=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 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>
During the [[COVID-19 pandemic in the United Kingdom]], SSP announced it was cutting 5,000 UK jobs across its chains, including [[Upper Crust (restaurant chain)|Upper Crust]] and [[Caffè Ritazza]], as part of a restructuring aimed at keeping the company afloat.<ref name="Makortoff-01Jul2020">{{cite news |last1=Makortoff |first1=Kalyeena |title=Upper Crust and Caffè Ritazza owner to cut 5,000 UK jobs |url=https://www.theguardian.com/business/2020/jul/01/upper-crust-and-caffe-ritazza-owner-to-cut-5000-jobs-ssp-group-coronavirus |accessdate=1 July 2020 |work=Guardian |date=1 July 2020}}</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 large portfolio of small brands, many of which are locally specific. 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
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*[[YO! Sushi]]
*[[YO! Sushi]]
*[[Le Train Bleu (restaurant)|Le Train Bleu]]
*[[Le Train Bleu (restaurant)|Le Train Bleu]]
*UrbanCrave
*Walter
*Millies Cookies
*Millies Cookies
*Nippon Ramen
*Whistlestop
*M&S
{{div col end}}
{{div col end}}

SSP also provides 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]], [[Great Western Railway (train operating company)|Great Western Railway]], [[South Western Railway (train operating company)|South Western Railway]], [[Gatwick Express]], [[Hull Trains]], [[Iarnród Éireann]], [[National Railway Company of Belgium]], [[Norwegian State Railways]], [[First ScotRail]], [[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>

SSP provides services at [[Ottawa International Airport]].<ref>{{cite web|url=https://www.dfnionline.com/lead-stories/paradies-lagardere-ssp-named-master-concessionaires-ottawa-airport-09-07-2019/|title=Paradies Lagardère and SSP named new Ottawa Airport master concessionaires|date=9 July 2019|publisher=DFNI Online|accessdate=4 March 2020}}</ref>

== Criticism ==
In 2018, SSP brand Rail Gourmet was criticised 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==
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{{UK Food}}
{{UK Food}}
{{FTSE 250 Index constituents}}
{{FTSE 250 Index constituents}}

{{Authority control}}


[[Category:SSP Group| ]]
[[Category:SSP Group| ]]

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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