SSP Group: Difference between revisions
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==History== |
==History== |
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The business was originally established in 1961; it was acquired by [[Compass Group]] in May 1993 for £72 million.<ref name=guardian>{{cite web|url=http://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=http://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, previously known as Select Service Partners ('SSP'), was originally established in 1961; it was acquired by [[Compass Group]] in May 1993 for £72 million.<ref name=guardian>{{cite web|url=http://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=http://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> |
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==Structure== |
==Structure== |
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Revision as of 22:18, 8 September 2014
 | This article needs additional citations for verification. (August 2012) |
| Company type | Public |
|---|---|
| Headquarters | Weybridge, Surrey |
Area served | Worldwide |
Key people | Vagn Sørensen, Chairman Kate Swann, Chief Executive |
| Products | Restaurants |
| Services | Foodservice |
| Revenue |  £1,827 million (2014) |
| £153 million (2014) | |
| Owner | EQT Partners |
Number of employees | 29,529 |
| Parent | Compass Group (from 1993 to 2006) |
| Website | SSP |
SSP Group plc (formerly Select Service Partner) is a British restaurant company which runs several restaurant chains around the world as a concessionaire. It is listed on the London Stock Exchange.
History
The business, previously known as Select Service Partners ('SSP'), was originally established in 1961; it was acquired by Compass Group in May 1993 for £72 million.[1] 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.[2] In 2006 the business was bought by EQT Partners for £1.822 billion.[1] The company was the subject of an initial public offering in 2014.[3]
Structure
It has its group office at Brooklands, Surrey, which concerns its international operations. Its UK headquarters are at 169 Euston Road, London.
Divisions
Former divisions
- 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[4]
References
- ^ a b "Compass sells Moto service stations and Upper Crust food chain for £1.8bn". 10 April 2006. Retrieved 8 September 2014.
- ^ "Travellers Fare". Cinven. Retrieved 8 September 2014.
- ^ "Shares rise in SSP stock market debut". The Telegraph. 10 July 2014. Retrieved 8 September 2014.
- ^ Harry Ramsdens