SSP Group: Difference between revisions
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'''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 train 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]]. |
'''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 train 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]]. |
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==History== |
==History== |
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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=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 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=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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==Operations== |
==Operations== |
Revision as of 19:55, 9 May 2016
File:SSP Group.png | |
Company type | Public |
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Founded | 1961 |
Headquarters | 169 Euston Road, London |
Area served | Worldwide |
Key people | Vagn Sørensen, Chairman Kate Swann, Chief Executive |
Products | Restaurants, Cafes, Bars, Fast Food |
Services | Foodservice |
Revenue | £1,832.9 million (2015)[1] |
£97.4 million (2015)[1] | |
£60.3 million (2015)[1] | |
Number of employees | 30,212 (2015)[1] |
Website | www.foodtravelexperts.com |
SSP Group plc is a British multinational company, headquartered in London, England, which operates branded Catering and Retail units at over 125 airports and 270 train stations around the world as a concessionaire. It 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 SAS Group under the name of SAS Catering in 1961.[2] It was subsequently renamed Select Service Partner ('SSP') and 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]
Operations
SSP operates a vast portfolio of small brands - most of which are locally specific. They also operate international brands such as:
- Ajisen Ramen
- Millie's Cookies
- Burger King
- Caffè Ritazza
- Camden Food Co.
- Caviar House & Prunier Seafood Bar
- Marks & Spencer Simply Food
- Starbucks
- Upper Crust
- WHSmith
- YO! Sushi
References
- ^ a b c d "Annual report 2015" (PDF). SSP Group. Retrieved 10 April 2016.
- ^ "EQT to acquire Select Service Partner from Compass". EQT. Retrieved 8 September 2014.
- ^ 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.