SSP
Reporting covers the operations, strategy, and financial performance of a major travel foodservice operator serving airports, train stations, and service areas across the UK and globally. We track brand partnerships, concession models, menu innovation, digital ordering, and consumer trends, offering insight for operators and suppliers focused on high-footfall, transit-led hospitality environments.
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Dec- 2024 -23 DecemberNews-In-Brief
Today’s news in brief – 23/12/24
US-based PE firm Sixth Street has acquired a majority stake in the UK arm of Wingstop, Lemon Pepper Holdings. While the terms of the deal have not been disclosed, City AM has reported that it is at least the £400m asking price. It comes as Wingstop is aiming to reach…
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23 DecemberFood and Drink
Network Rail and SSP partner with Olio to tackle food waste
Network Rail and SSP Group have partnered with food sharing app Olio to tackle food waste through its Food Waste Heroes programme. It is estimated that the partnership could feed nearly 11,000 households annually by donating 150 tonnes of food every year. This partnership will see a total of 34…
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19 DecemberNews-In-Brief
Today’s news in brief – 19/12/24
Stonegate Group has invested more than £100m in its estate throughout 2024. More than £17m went to its pub partners estate to support publicans in creating “thriving local pubs”. Meanwhile, the group also undertook significant refurbishments including the £840k development of a brand-new Slug and Lettuce Glasgow, which opened in…
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19 DecemberRestaurants
SSP Group opens Peaky Blinders-inspired bar at Birmingham Airport
SSP Group has announced the launch of a Peaky Blinders-inspired bar at Birmingham Airport. The Shelby and Co. Bar and Restaurant will be part of Birmingham’s departure lounge with space for 290 diners. The restaurant offers both waiter service as well as an order at table technology, allowing customers short…
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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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10 DecemberFood and Drink
Tortilla expects FY revenues to exceed expectations
Tortilla now expects its revenue forecast for the year to 29 December to exceed expectations, and as a result, has adjusted its guidance range to between £64m and £64.3m. This follows the continuation of the strong sales recovery for the group’s UK business, which has further accelerated following the successful…
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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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