SSP Group
Coverage tracks the strategy, performance, and global operations of this major travel foodservice specialist, including contract wins, brand partnerships, trading updates, format innovation, and expansion across airports, rail stations, and service areas. Reporting offers insights for operators and suppliers monitoring high-footfall, transit-focused hospitality environments and the evolution of concession-based dining.
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Dec- 2024 -11 DecemberNews-In-Brief
Today’s news in brief – 11/12/24
SSP Group has begun an IPO of Travel Food Services in India, in conjunction with its joint venture partner, K Hospitality Corp. Subject to regulatory approvals, the pricing and completion of the IPO is targeted to be in spring 2025. SSP acquired an initial stake in TFS in 2016 and…
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11 DecemberCatering Companies
SSP plans IPO in India of Travel Food Services Limited
Travel caterer SSP Group has announced the planned initial public offering (IPO) of Travel Food Services Limited in India, in conjunction with its joint venture partner, K Hospitality Corp. Subject to regulatory approvals, the pricing and completion of the IPO is targeted to be in spring 2025. It comes as…
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3 DecemberNews-In-Brief
Today’s news in brief – 03/12/24
SSP Group saw FY24 revenues rise by 17% to £3.4bn, as operating profits jumped by 32% to £206m during the period. It comes as the group performed well in North America, the UK, and APAC and EEME, despite a “disappointing” run in Continental Europe. Thanks to strong revenue growth in…
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3 DecemberCatering Companies
SSP Group revenues rise 17% to £3.4bn in FY24
Travel caterer SSP Group has reported that revenues rose 17% to £3.4bn in the year ended 30 September, as operating profits jumped by 32% to £206m within the range of its planning assumptions. The group has performed well in North America, the UK, and APAC and EEME, having benefited from…
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Oct- 2024 -28 OctoberNews-In-Brief
Today’s news in brief – 28/10/24
54% of hospitality businesses would cut jobs when business rates relief ends in April, according to a new joint survey conducted by the BBPA, BII and UKH. The report also highlighted that 76% would experience lower profit and 28% would have to close at least one site. The trade bodies…
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28 OctoberFood and Drink
Tortilla and SSP expand franchise partnership
Tortilla has announced a “significant” expansion of its partnership with global food travel group SSP today (28 October), which will see it grow its presence across UK travel hubs. The new five-year agreement will see Tortilla’s presence in SSP-operated locations triple in size in the UK, from six to 18…
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4 OctoberNews
Today’s news in brief – 04/10/24
Wetherspoon has posted a profit before tax of £73.9m for the year ended 28 July, spelling a rise from £42.6m against the previous year. Alongside this, the company saw its revenues top £2bn in the period, up from £1.9bn last year. The chain now operates 800 pubs, down from 879…
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4 OctoberFood and Drink
SSP Group sees UK sales rise 12% in Q4
Operator of F&B outlets in travel locations, SSP Group, has reported that UK sales rose by 12%, with a like-for-like jump of 9%, during the fourth quarter ended 30 September. The group’s UK performance was driven by high demand in the air travel sector, a lower level of disruption in…
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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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9 SeptemberPubs and Bars
Young’s and Co appoints new non-executive director
Young’s and Co Brewery has announced the appointment of Ian Dyson as non-executive director. Dyson, who stepped into his new role on 2 September 2024, is currently chair of the board at Currys plc and a non-executive director of JD Sports Fashion. He has a strong track record across consumer…
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