Compass
Coverage explores the operations, strategy, and contract activity of the UK’s largest foodservice and support services group, operating across sectors including education, healthcare, defence, business & industry, and sports & leisure. Reporting includes major contract wins, Compass Group UK & Ireland financial performance, digital ordering initiatives, sustainability targets, workforce programmes, and the role of subsidiaries like Chartwells, Medirest, ESS, and Levy. Insight is designed for professionals tracking outsourced catering models and large-scale operational delivery in institutional and venue settings.
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Sep- 2024 -25 SeptemberFood and Drink
Tortilla H1 revenues dip following change to delivery strategy
Tortilla has revealed that revenues for the first-half period to 30 June fell from £32.7m to £31.5m, as overall like-for-like revenues fell 5.5% due to a planned decision in the first quarter to condense to a dual delivery partnership – ending its ties with Deliveroo. This move culminated in an…
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Aug- 2024 -8 AugustNews
Today’s news in brief – 08/08/24
Deliveroo has returned to profit following a strong performance in H1. This comes after sustaining a loss of £82.9m in the year before. The group attributed its performance to “encouraging early signs in consumer behaviour”, with frequency returning to growth and retention improving due to improvements made to its consumer…
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8 AugustCatering Companies
Restaurant Associates acquires Grazing
Restaurant Associates, part of Compass Group UK&I, has acquired Grazing, the delivered-in workplace and venue catering specialists, for an undisclosed sum. Founded in 2007 by CEO Sam Hurst, Grazing has grown from one café to a corporate catering business offering delivered-in meeting, office and contract catering services to London’s business…
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Jul- 2024 -25 JulyNews
Today’s news in brief – 25/07/24
Compass Group revenues rose 10.3% during Q2, as all regions continued to perform well. The group stated that as revenues and industry trends remain strong, it provides Compass with an “exciting pipeline of new business opportunities”. Net new business growth also accelerated in Q3, whilst pricing moderated in line with inflation. …
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25 JulyCatering Companies
Compass Group sees revenues rise 10.3% in Q3
Compass Group has announced a 10.3% rise in its organic revenue growth for the third quarter ended 30 June 2024. All regions continue to perform well, with revenues in Europe increasing 12.0%, followed by a 9.9% increase in North America and a 8.5% increase in the rest of the world.…
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1 JulyCatering Companies
Restaurant Associates partners with Design Museum of London
Restaurant Associates, part of Compass Group, has announced its new catering partnership with the Design Museum in London, expanding its national venues portfolio. Located in Kensington, London, the Design Museum is a globally recognised institution dedicated to contemporary design in every form, from architecture and fashion to graphics and industrial…
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May- 2024 -16 MayNews
Today’s news in brief – 16/05/24
Compass Group raised its 2024 profit guidance as revenues rose 11.2% during H1. The group also reported an 18.7% rise in underlying operating profit to £1.16bn. Moreover, it spent £294.3m on M&A, including the acquisition of Hofmann in Germany and CH&CO in the UK and Ireland completed, the latter being…
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16 MayCatering Companies
Compass raises profit and revenue guidance amid strong HY
Foodservice company Compass Group has raised its 2024 profit guidance towards 15% with organic revenue growth of 10% as the group reported an 11.2% increase in revenues to $20.9bn (£16.5bn) during H124. The group also reported an 18.7% rise in underlying operating profit to $1.47bn (£1.16bn). Additionally, its underlying profit…
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1 MayNews
Today’s news in brief – 01/05/24
Compass Group UK&I has acquired CH&CO, which will see the catering company’s portfolio of brands – including Gather and Gather, Vacherin and Company of Cooks – join Compass’ group of companies. CH&CO has operations covering workplace catering, events, venues, visitor attractions, stadiums, education, healthcare and hospitality. Greene King will invest…
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1 MayCatering Companies
Compass Group completes CH&CO acquisition
Compass Group UK and Ireland has announced that it has completed the deal to acquire catering company, CH&CO. The acquisition sees CH&CO’s portfolio of brands, which include Gather and Gather, Vacherin and Company of Cooks, join Compass’ group of companies, resulting in a broad client proposition. CH&CO has operations covering…
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