SSP Group plc
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Patrick Francis Coveney M.Phil
- Full Time Employees
- 48,683
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Address
- Jamestown Wharf London GL United Kingdom NW1 7HW
- IPO Date
- Apr 27, 2018
- Website
- foodtravelexperts.com
- Similar Companies
- Business
- SSP Group plc is a leading operator of food and beverage outlets in travel locations worldwide, including airports, railway stations, motorway service areas, hospitals and shopping centers; the company manages a diverse portfolio of owned brands such as Upper Crust, Le Grand Comptoir, Caffè Ritazza and bespoke concepts alongside franchised international and local brands including Starbucks, Burger King, YO! Sushi, Marks & Spencer and Millie's Cookies, offering quick-service restaurants, cafés, casual dining, bars, lounges and convenience stores. Founded in 1961 and headquartered in London, United Kingdom, SSP employs around 49,000 colleagues across approximately 3,000 units in 37 countries spanning North America, the United Kingdom and Ireland, Continental Europe, and Asia Pacific, Eastern Europe, the Middle East and South America. In recent developments, SSP completed the acquisition of Airport Retail Enterprises in Australia adding over 60 outlets across seven airports, acquired the concessions business of Midfield Concession Enterprises and ECG Ventures in North America, entered new markets through contract wins in Saudi Arabia, New Zealand and Bulgaria and a joint venture with Taurus Gemilang in Indonesia, and restructured its Travel Food Services joint venture with Adani Airport Holdings in India to cover multiple airports including Mumbai while pursuing a profit recovery plan in Continental Europe targeting operating margin expansion from 1.5% to 3% in fiscal 2025.
Company News
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