Highlights of Sodexo Group’s performance for the first half of Fiscal 2013: In a particularly difficult economic environment : - Increased revenues of + 4.3% - Organic growth of + 2.7%, driven by development of facilities management services - Operating profit stable at 528 million euro - Operational efficiency improvement and cost reduction program well underway and … [Read more...]
Compass franchise partnership with Marks & Spencer
Compass Group UK & Ireland has opened its first Marks & Spencer (M&S) Simply Food Store at the Royal Derby Hospital, under a new franchise agreement with M&S that will see Compass embed M&S Simply Food into its core retail offer. The introduction of the M&S Simply Food brand will be focused within Compass’ specialist Healthcare division Medirest, with … [Read more...]
Busy times for corporate activity in hospitality!
It’s been a busy few days around the hospitality industry: here’s a quick round-up of some of the headlines: LDC backs £50m buyout of D & D – see our report click here Drake & Morgan buyout proceeds with Bowmark – see our report click here Menzies Hotels: Lloyds banking Group is said to be looking to sell, having acquired the hotels as part of the … [Read more...]
Presentation significantly impacts on table profit yields
As consumers are dining out more and more frequently, smart restaurateurs are quickly realising their regular customers will quickly tire of the ‘same old, same old’ restaurant experience. Clearly, offering the same old thing in the same old manner is not going to be enough (if it ever was). A quick and easy way to makeover your restaurant offering and to really welcome your … [Read more...]
Amadeus retains Scottish Open – £2.5 million contract
Amadeus has announced its event arm of the business will continue as the catering provider at the award-winning Aberdeen Asset Management Scottish Open, which forms part of the European Golf Tour. The new contract is for five years, and is worth £2.5 million to Amadeus – who have been working on the event since 1999. The win is particularly significant for the Amadeus team … [Read more...]