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Revision as of 14:15, 14 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 a leading operator of food and beverage outlets in travel locations, operating in nearly 40 countries in over 600 locations, employing more than 42,000 globally[2].

The company, headquartered in London, England, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Patrick Coveney is the CEO of SSP as of 2022[3].

Operations

Three units in airport
SSP units at Suvarnabhumi Airport in Bangkok, Thailand

SSP has a wide 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[2]. Some examples are:

History

The business was established as a division of Scandinavian airline SAS Group under the name of SAS Catering in 1961.[4] Its Select Service Partner (SSP) division was acquired by Compass Group in May 1993 for £72 million.[5] 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.[6] In 2006 the business was bought by EQT Partners for £1.822 billion.[5] The company was the subject of an initial public offering in 2014.[7]

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”)[8] and, later in 2023, the acquisition of the Calgary-based business ECG Ventures Limited.[9]

In 2024, SSP entered into an agreement to acquire 100% of the shares of Airport Retail Enterprises Pty Ltd (“ARE”) in Australia.[10]

Locations

Some of the principal locations where SSP operates are[11]:

  • Heathrow Airport, London, United Kingdom
  • Victoria Station, London, United Kingdom
  • Dublin Airport, Ireland, United Kingdom
  • Paris Roissy Charles de Gaulle Airport, France
  • Paris Gare de Lyon, France
  • Copenhagen Central Station, Denmark
  • Helsinki Airport, Finland
  • Zürich Airport, Switzerland
  • Amsterdam Central Station, The Netherlands
  • Stockholm Central Station, Sweden
  • Oslo Airport, Norway
  • Barcelona El Prat International Airport, Spain
  • Athens International Airport, Greece
  • JFK Airport, New York, America
  • Salt Lake City International Airport, UT, America
  • Indianapolis International Airport, IN, America
  • Melbourne Airport, Australia
  • Perth Airport, Australia
  • Mumbai Airport, India
  • Indira Gandhi International Airport, Delhi, India
  • Mactan-Cebu International Airport, Philippines
  • Kuala Lumpur International Airport, Malaysia
  • Suvarnabhumi Airport, Thailand
  • Changi International Airport, Singapore
  • Doha International Airport, Qatar

Criticism

Rail Gourmet staff redundancy criticism

In 2018, SSP brand Rail Gourmet was criticised for giving staff four days' notice that they were being made redundant on the Thameslink Railway routes.[12]

Caged eggs in the global supply chain of brands franchised by SSP

SSP Group which operates 550 (300 partner brands) across 600 locations arround the world,[13] has been facing negative publicity for using battery-cage eggs in the supply chain of its franchised brands.[14][15][16][17] SSP has committed to moving to cage-free eggs in own brands, and some of its franchised brands made their own commitments either because it was required by law or by franchise agreements.[18]

References

  1. ^ a b c d "Annual Report 2023" (PDF). SSP Group. Retrieved 13 February 2024.
  2. ^ a b "SSP Annual Report and Accounts 2023" (PDF). 5 December 2023.{{cite web}}: CS1 maint: url-status (link)
  3. ^ "SSP Annual Report and Accounts, 2022" (PDF). 5 December 2022.{{cite web}}: CS1 maint: url-status (link)
  4. ^ "EQT to acquire Select Service Partner from Compass" (Press release). EQT. 9 April 2006. Retrieved 23 January 2019.
  5. ^ 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.
  6. ^ "Travellers Fare". Cinven. Retrieved 8 September 2014.
  7. ^ "Shares rise in SSP stock market debut". The Telegraph. 10 July 2014. Retrieved 8 September 2014.
  8. ^ "SSP expands its presence in North America with acquisition of the Midfield concessions business". SSP website. 4 May 2023.{{cite web}}: CS1 maint: url-status (link)
  9. ^ "SSP to increase its footprint in North America and Middle East through two new transactions: the acquisition of ECG in Canada and a major new contract with Jeddah Airport". SSP website. 14 December 2023.{{cite web}}: CS1 maint: url-status (link)
  10. ^ Walsh, Dominic (12 February 2024). "Australia deal offers appetising prospect for SSP".{{cite news}}: CS1 maint: url-status (link)
  11. ^ "Our markets - SSP". SSP website. 5 December 2023.{{cite web}}: CS1 maint: url-status (link)
  12. ^ Neilan, Catherine (2015-07-22). "Thameslink slammed as staff sacked with four days' notice". Retrieved 2018-01-16.
  13. ^ "What we do | SSP". www.foodtravelexperts.com. Retrieved 2024-02-01.
  14. ^ "The reach-out notes" (PDF). Brands restaurants and supermarket egg policies. The British Hen Welfare Trust. 2 February 2024. Retrieved 2 February 2024.{{cite news}}: CS1 maint: url-status (link)
  15. ^ "SSP Group: Food safety risks and animal cruelty". SSP Group: Filth and Cruelty. Retrieved 2024-02-01.
  16. ^ "ChickenTrack report launched to monitor food companies' progress towards better chicken welfare". www.ciwf.org.uk. Retrieved 2024-02-01.
  17. ^ The Food Foundation (2 February 2024). "SSP Group Scorecard" (PDF). www.foodfoundation.org.uk. Retrieved 2 February 2024.
  18. ^ "Sustainability Report 2023 | SSP". www.foodtravelexperts.com. Retrieved 2024-02-02.

External links


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