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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Jan- 2022 -11 JanuaryRestaurants
Elior appoints director of innovation
Leading contract caterer, Elior, has appointed Claire Small to take on its newly created director of innovation role. Small will lead Elior’s new eight-strong innovation team. They are responsible for delivering digital, concept development, photography and menu management across its UK business. Prior to Elior, Small held senior roles with…
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Dec- 2021 -9 DecemberBusiness
SSP Group revenue falls 41% in FY21
SSP Group, a global operator of food and beverage outlets, has announced its revenue fell by 41.8% from £1.43bn in 2020 to £834.2m in the year ending 30 September 2021, and by 70.1% compared to 2019 levels. The group’s operating loss was £309.2m in FY21, including credit for non-underlying net…
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Nov- 2021 -26 NovemberCatering Companies
SSP Group names Patrick Coveney as CEO
SSP Group has announced the appointment of Patrick Coveney to the role of CEO, effective 31 March 2022. Coveney joins SSP from Greencore Group plc, where he held the CEO position since 2008, following more than two years as chief financial officer (CFO). According to SSP, Coveney “transformed” Greencore into…
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Sep- 2021 -1 SeptemberBusiness
SSP Group appoints new deputy CEO
SSP Group, an operator of food and beverage outlets in travel locations worldwide, has announced that Jonathan Davies has been appointed as deputy CEO. He will step into the position with immediate effect, and will also continue in his current role of CFO. This follows the recent announcement that Simon…
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Jul- 2021 -20 JulyPubs and Bars
Marstons announces director shakeup
Pub group Marston’s, has announced that Carolyn Bradley, a non-executive director and senior independent director will step down from her role with effect from 31 July 2021. Bradley will instead join the board of TheWorks.co.uk as its newest chairman following an annual general meeting on 30 September 2021. She is…
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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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