SSP Group: Difference between revisions
Content deleted Content added
m Reverted 2 edits by 86.98.22.162 identified as test/vandalism using STiki |
|||
| Line 39: | Line 39: | ||
==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=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 |
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=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 2020}}</ref> |
||
==Operations== |
==Operations== |
||
Revision as of 12:33, 6 November 2017
 | |
| Company type | Public |
|---|---|
| LSE: SSPG | |
| Founded | 1961 |
| Headquarters | 169 London, England, UK |
Area served | Worldwide |
Key people | Vagn Sørensen, Chairman Kate Swann, Chief Executive |
| Products | Restaurants, Cafes, Bars, Fast Food |
| Services | Foodservice |
| Revenue | £1,990.3 million (2016)[1] |
| £121.4 million (2016)[1] | |
| £81.8 million (2016)[1] | |
Number of employees | 10,000 (2016)[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 railway 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. The significant brands include:[6]
- Le Grand Comptoir
- Upper Crust
- Caffè Ritazza
- Starbucks
- Burger King
- YO! Sushi
- Junction Urban Street Food
- Le Train Bleu
- Walter
References
- ^ a b c d "Annual report 2016" (PDF). SSP Group. Retrieved 25 April 2017.
- ^ "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 2020.
- ^ "Brands". SSP Group. Retrieved 25 April 2017.