Gategroup Holding
| Gategroup Holding AG
|
|
|---|---|
 |
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| legal form | Corporation |
| ISIN | CH0100185955 |
| founding | 1992/2008 |
| Seat | Opfikon , Switzerland |
| management | Xavier Rossinyol (Chairman of the Management Board ) Andreas Schmid ( Chairman of the Board of Directors ) |
| Number of employees | approx. 43,000 (2017) |
| sales | 4.96 billion CHF (2019) |
| Branch | Airline catering |
| Website | www.gategroup.com |
The Gate Gourmet (formerly Gate Gourmet ), headquartered in Opfikon is an international, on airline catering specialized Swiss company.
Companies
The core of the group is the subsidiary Gategourmet , from which the Gategroup later emerged. In addition, Gategroup includes with the brands Supplair , Performa , Pourshins , Gate Aviation , potmstudios , Gate Safe , deSter , Harmony , eGate Solutions and Elan through a further ten subsidiaries from the catering or catering-related area.
Gategroup has 130 locations in 35 countries on six continents and employs around 28,500 people. In 2015, the group of companies generated sales of CHF 3.0 billion. In 2009 it was 2.7 billion Swiss francs due to the review. Since May 2009 Gate Group is listed on the Swiss stock exchange SIX Swiss Exchange listed . With a 27 percent market share, Gategroup is now at the top of the world market for on-board catering.
history
Gategroup's roots lie in the national airline Swissair, which was founded in 1931 . In 1992 Swissair outsourced its catering activities to the newly founded subsidiary Gate Gourmet. With an estimated company value of around 6 billion Swiss francs, this was considered the crown jewel of Swissair. As a result of September 11, 2001 and the decline of Swissair, Gate Gourmet found itself in considerable financial difficulties. In the course of the liquidation of Swissair, Gate Gourmet was sold to the US financial investor Texas Pacific Group for 1.1 billion francs . The dramatic rise in crude oil prices also meant that Gate Gourmet's customers, the airlines, were under great cost pressure and, among other things, made drastic savings in the meals that were served on board. Several airlines went bankrupt, so that Gate Gourmet itself became a restructuring case. The cost pressure transferred from the airlines to Gate Gourmet was also felt by the staff.
From October 7, 2005 to April 7, 2006, the employees of the Gate Gourmet branch at Düsseldorf Airport went on strike . The workers organized in the food-pleasure-restaurants union (NGG) tried to prevent the extension of working hours to 40 hours per week, the cancellation of five days of vacation and allowances and to enforce a wage increase of 4.5 percent. At the end of the strike, a collective bargaining package consisting of a collective wage agreement, a general collective agreement and a social collective agreement was concluded. The strike was the longest in the history of the NGG union.
On April 5, 2006, LSG "Sky Chefs" and GateGourmet announced that they would found a joint venture company for the catering business at Paris' Charles de Gaulle Airport. The European Commission approved this merger in July 2006. Gate Gourmet France, based in Roissy CDG, was founded in 1999 and employs around 300 people (as of April 2006). Over 3 million meals are produced each year. On April 23, 2007, LSG-Gate Gourmet Paris went bankrupt.
After the Texas Pacific Group sold its stake in Gate Gourmet to Merrill Lynch on March 1, 2007 , Gate Group began a phase of restructuring, which led to the merger with other companies to form Gategroup and finally to the IPO in May 2009 .
In April 2016, the Chinese HNA Group submitted a takeover offer. After the takeover period had expired (July 21, 2016), HNA Group controlled 63.6% of the voting rights and, after having also received approval from the EU, considered the takeover to be successful. Additional shares were acquired by mid-October 2016 (now 96.1%). HNA was aiming for a stake of 98.0% in order to be able to declare the remaining shares invalid. Independently of this, HNA Group made preparations in October 2016 for an application to delist Gategroup from the SIX Swiss Exchange. Gategroup was fully acquired by HNA in 2016 for $ 1.4 billion, and at the end of April 2017, the shares were delisted from the SIX Swiss Exchange.
The heavily indebted HNA Group announced details of its plan in early March 2018 to part with the majority in Gategroup and to carry out another Gategroup IPO. At the end of March 2018, the boards of directors of HNA and Gategroup decided not to implement this plan.
In August 2018, the subsidiary Gate Gourmet Switzerland plans to take over the previously independent SCK Sky Catering Kitchen, based in Ulm and with locations at the airports in Berlin, Nuremberg and Stuttgart. The Federal Cartel Office has yet to agree. The takeover of the European business of LSG Sky Chefs followed in 2019 .
Main customers
Status: January 2010
- American Airlines
- British Airways
- Delta Air Lines
- Egypt Air
- Emirates
- Germania
- Iberia
- Jetstar Airways
- LAN Airlines (today's LATAM Airlines )
- Qantas Airways
- Swiss
- Singapore Airlines
- United Airlines
- TUIfly
- Condor flight service
- Easyjet
- Wizz Air
- Onur Air
- Pegasus Airlines
- MIAT Mongolian Airlines
literature
- ...acquired a taste. Six months' strike at Gate Gourmet. Verlag Association a, Dec. 2006, ISBN 3-935936-54-0
Web links
Individual evidence
- ↑ Entry of "gategroup Holding AG" in the commercial register of the Canton of Zurich
- ↑ Archived copy ( Memento of the original from June 14, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Annual Report 2019. (PDF) Gategroup Holding, accessed on May 24, 2020 .
- ↑ Gategroup website. Retrieved June 14, 2016 .
- ↑ Gategroup annual report. (PDF) (No longer available online.) Archived from the original on May 8, 2016 ; accessed on June 14, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Gategroup, media release of May 7, 2009 ( Memento of the original of November 22, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Entry of "Gate Gourmet Switzerland AG" in the commercial register of the Canton of Zurich
- ^ Website about the strike at Gate Gourmet
- ↑ China's HNA reaches for the Swiss catering company Gategroup . Reuters, April 11, 2016
- ↑ Gategroup takeover by HNA approved by EU. finanzen.ch, September 21, 2016, accessed on October 23, 2016 .
- ↑ Chinese HNA sees itself on target with Gategroup takeover. Reuters, July 7, 2016, accessed October 23, 2016 .
- ↑ HNA is trying to get the remaining Gategroup shares. Handelszeitung, October 13, 2016, accessed on October 23, 2016 .
- ↑ Gategroup is to disappear from the Swiss stock exchange. (No longer available online.) Cash zweiplus ag, October 13, 2016, archived from the original on October 23, 2016 ; accessed on October 23, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ a b Chinese want to sell majority of Gategroup. In: www.nzz.ch. March 6, 2018, accessed March 26, 2018 .
- ↑ Daniel Imwinkelried: Gategroup is dragging too much ballast around with it. In: www.nzz.ch. March 26, 2018, accessed March 26, 2018 .
- ↑ https://www.airliners.de/lufthansa-gategroup-lsg-verkauf/52973
