SSP is an operator of food and beverage outlets in travel locations. The company, headquartered in London, England, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The business was established as a division of Scandinavian airline SAS Group under the name of SAS Catering in 1961.[2] Its Select Service Partner (SSP) division was 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]
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”)[6] and, later in 2023, the acquisition of the Calgary-based business ECG Ventures Limited.[7]
In 2024, SSP entered into an agreement to acquire 100% of the shares of Airport Retail Enterprises Pty Ltd (“ARE”) in Australia.[8]
Operationsedit
SSP units at Suvarnabhumi Airport in Bangkok, Thailand
SSP has a 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. Some examples are:[9]
^"EQT to acquire Select Service Partner from Compass" (Press release). EQT. 9 April 2006. Retrieved 23 January 2019.
^ ab"Compass sells Moto service stations and Upper Crust food chain for £1.8bn". The Guardian. London. 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.
^"SSP Acquires Midfield Concession". Airport X. 4 May 2023. Retrieved 14 February 2024.
^"SSP Acquires Canada's ECG Ventures". Airport X. 14 December 2023. Retrieved 14 February 2024.
^Walsh, Dominic (12 February 2024). "Australia deal offers appetising prospect for SSP".
^"Our markets - SSP". SSP website. 5 December 2023.
External linksedit
Official site
January 01, 1970
group, operator, food, beverage, outlets, travel, locations, company, headquartered, london, england, listed, london, stock, exchange, constituent, ftse, index, plccompany, typepublictraded, aslse, sspgftse, componentindustryfoodservicefounded1961headquartersl. SSP is an operator of food and beverage outlets in travel locations The company headquartered in London England is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index SSP Group plcCompany typePublicTraded asLSE SSPGFTSE 250 ComponentIndustryFoodserviceFounded1961HeadquartersLondon England UKArea servedWorldwideKey peopleMike Clasper ChairmanPatrick Coveney Chief ExecutiveProductsRestaurants Cafes Bars Fast FoodServicesFoodserviceRevenue 3 009 7 million 2023 1 Operating income 204 8 million 2023 1 Net income 56 1 million 2023 1 Number of employees41 772 2023 1 Websitewww wbr foodtravelexperts wbr com Contents 1 History 2 Operations 3 References 4 External linksHistory editThe business was established as a division of Scandinavian airline SAS Group under the name of SAS Catering in 1961 2 Its Select Service Partner SSP division was 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 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 6 and later in 2023 the acquisition of the Calgary based business ECG Ventures Limited 7 In 2024 SSP entered into an agreement to acquire 100 of the shares of Airport Retail Enterprises Pty Ltd ARE in Australia 8 Operations edit nbsp SSP units at Suvarnabhumi Airport in Bangkok Thailand SSP has a portfolio of brands including its own and those it franchises Brands range from well known grab n go sandwich shops and cafes 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 Some examples are 9 Le Grand Comptoir Upper Crust Caffe Ritazza Starbucks Burger King YO Sushi Le Train Bleu UrbanCrave Millies Cookies Nippon Ramen M amp SReferences edit a b c d Annual Report 2023 PDF SSP Group Retrieved 13 February 2024 EQT to acquire Select Service Partner from Compass Press release EQT 9 April 2006 Retrieved 23 January 2019 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 Travellers Fare Cinven Retrieved 8 September 2014 Shares rise in SSP stock market debut The Telegraph 10 July 2014 Retrieved 8 September 2014 SSP Acquires Midfield Concession Airport X 4 May 2023 Retrieved 14 February 2024 SSP Acquires Canada s ECG Ventures Airport X 14 December 2023 Retrieved 14 February 2024 Walsh Dominic 12 February 2024 Australia deal offers appetising prospect for SSP Our markets SSP SSP website 5 December 2023 External links editOfficial site Retrieved from https en wikipedia org w index php title SSP Group amp oldid 1210914780, wikipedia, wiki, book, books, library,
