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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Jul- 2021 -14 JulyPeople
SSP CEO Simon Smith to step down
SSP Group, the food and beverage travel outlet operator, has announced that Simon Smith is stepping down from his role as group CEO. Smith advised the firm’s board that he will be leaving at the end of 2021 to pursue a new opportunity at a private equity-backed business. Prior to…
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Jun- 2021 -9 JuneBusiness
SSP H1 losses widen to £300m
SSP Group, the travel food and beverage outlets operator, saw its pre-tax loss on a reported basis under IFRS 16 spike to £299.7m for the six months ended 31 March 2021. The 774% increase in losses can be attributed to a 78.8% year-on-year decline in group revenues, falling from £1.21bn…
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Mar- 2021 -17 MarchCatering Companies
SSP to raise £475m from shareholders
SSP Group, the airport and railway caterer, has announced its intentions to raise £475m from its shareholders through a fully underwritten 12 for 25 rights issue. The owner of Upper Crust and Camden Food Co has also secured an extension of its bank facilities to January 2024. The measures are…
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Dec- 2020 -17 DecemberCatering Companies
SSP revenue halves as sales dented by Covid-19
SSP, one of the UK’s leading travel food and beverage groups, has reported that revenue plunged by 47.9% to £1.4bn in the full-year ended 30 September 2020. The group’s like-for-like sales also fell 50.8%, after they were “heavily impacted” by the various lockdown measures resulting from the pandemic and the…
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Sep- 2020 -24 SeptemberCafes and Coffee Shops
Upper Crust owner predicts 86% decrease in sales
Owners of pastry chain Upper Crust, have predicted an 86% decrease in sales for the year to end in September. A trading report released by the company revealed that weekly sales are currently running at 76% below last year results. The SSP owned group touted slow return to UK commuter…
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Jul- 2020 -1 JulyBusiness
Upper Crust owner SSP set to cut 5,000 jobs amid dwindling demand
Some 5,000 jobs at Upper Crust owner SSP could be axed as the company faces dwindling demand due to the Covid-19 pandemic. SSP said the impact on passenger travel arising from Covid-19 resulted in the closure of almost all of its units in the UK. It added that its intention…
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Aug- 2019 -5 AugustAnalysis
Jamie Oliver’s Restaurant Group – timeline
The collapse of Jamie Oliver’s restaurant chain is arguably one of the biggest developments in the industry in recent times. The company’s fall into administration is synonymous with the challenging times restaurant groups are currently facing, which has seen Byron Burgers approve company voluntary arrangements (CVAs) allowing them to close…
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Jun- 2019 -14 JuneBusiness
Jamie Oliver’s Gatwick outlets saved from closure
The joint administrators of Jamie Oliver Restaurant Group Limited, Will Wright and Mark Orton from KPMG, announced that they have reached an agreement with SSP Group to take over the operations of the three Jamie Oliver eateries which continue to trade at Gatwick Airport. SSP Group, an operator of food…
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Mar- 2019 -19 MarchCatering Companies
Crussh announces first site opening in partnership with Sodexo
Crussh Fit Food and Juice Bars has opened its first site in partnership with hospitality company Sodexo, at City, University of London, on 18 March 2019. The new kiosk at City will offer the company’s classic menu, offering a range of healthy food from breakfast pots, toasties, salads, wraps and…
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Dec- 2018 -18 DecemberRestaurants
Crussh to open second SSP Group site
Healthy fast food chain, Crussh has announced it will open a second rail site with the SSP Group, an operator of food and beverage brands in travel locations worldwide, in London Bridge in spring 2019. Following on from the success of its first site in partnership with SSP, located in…
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