The Full Wiki

Compass Group: Wikis

Advertisements
  
  

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Encyclopedia

From Wikipedia, the free encyclopedia

Compass Group plc
Type Public (LSE: CPG)
Founded 1941
Headquarters Chertsey, England, UK (Compass Group UK), Charlotte, North Carolina (Compass Group USA)
Key people Sir Roy Gardner, Chairman
Richard Cousins, CEO
Industry Catering and Support Services
Revenue £13,444 million (2009)[1]
Operating income £877 million (2009)[1]
Net income £592 million (2009)[1]
Employees 386,000 (2009)[2]
Website www.compass-group.com

Compass Group plc (LSE: CPG), a British company, is a leading food service business. It provides catering services to many types of institutions, which include: schools, hospitals, prisons, airports, companies and resident healthcare homes. It is headquartered in Chertsey, Surrey to the south west of London. It is listed on the London Stock Exchange and is a member of the FTSE 100 Index.

Contents

History

The business has its origins in a company which was founded by Jack Bateman in 1941 as Factory Canteens Limited and which subsequently became known as Bateman Catering.[3] Bateman Catering and Midland Catering were acquired by Grand Metropolitan in 1967 and 1968 respectively.[4] A management buy-out from Grand Metropolitan followed in 1987 when the Compass Group was formed.[3] The Company was first listed on the London Stock Exchange in 1988.[3]

In July 2000 the Company merged with Granada plc as part of a planned strategy to separate the media and catering interests of the latter. The two companies demerged in February 2001 to form Compass plc and Granada Media.[3]

In April 2006 Compass sold its roadside and travel catering businesses for a combined £1.82 billion.[3] The transaction included the sale of 43 Moto motorway service areas to Australia's Macquarie Bank for an estimated £600m.[3] Compass's Select Service Partners (SSP) travel concessions business was sold to companies controlled by private equity firm EQT Partners, which is owned by Sweden's Wallenbach family, for an estimated £1.2 billion.[3]

In 2009 the company made further acquisitions including Kimco and Lackmans in the USA, Plural in Germany and several McColls retail site leases in the UK.[5]

Operations

The Compass Group owns the following brands and businesses: Eurest, Bon Appétit Management Company, Restaurant Associates, Morrison, Scolarest, Eurest Support Services (ESS), Crothall, Levy Restaurants, Canteen Vending, Medirest, Chartwells, and Keith Prowse Corporate Hospitality.[6]

Compass Group operates several owned brands including Trattoria Pizza, Mondo Subs, (UK & USA) Origin Foods and Spice of Life (UK Hospitals) as well as operating Costa Coffee and Starbucks under license.

Compass Group also operates several owned service systems including Steamplicity, TrimTrax and Core Concepts.

References

External links

Advertisements

Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message