SSP Group, a global operator of food and beverage outlets in travel locations, has announced the acquisition of Australian-based Airport Retail Enterprises (ARE), a leading airport F&B operator. Founded in 1971 by Peter Butts, ARE has grown to serve over 9.1 million customers annually, offering exceptional dining experiences in Australian airports. This merger aims to expand the range of high-quality F&B offerings in airports, leveraging SSP’s global presence.
The acquisition of Airport Retail Enterprises (ARE) by SSP Group marks a significant development in the ongoing consolidation within the food & beverage sector in airports. This move is part of a broader trend of mergers and acquisitions, underlining the rapid consolidation in the airport F&B space, as highlighted by the Moodie Davitt Report. The deal, which has seen SSP Group acquire 100% of ARE’s shares, underscores the intense interest and dynamic changes within the sector, indicating a strategic shift towards enhancing and expanding F&B offerings in travel locations globally. For a deeper understanding of this consolidation trend, visit the Moodie Davitt Report’s website.
ARE was guided through this transaction by Greenstone Partners, Corrs Chambers Westgarth, Alvarez & Marsal, and KPMG.
About SSP
SSP Group plc is a multinational company based in the UK, operating branded food and beverage outlets primarily in airports and railway stations around the world. It focuses on providing high-quality dining options for travelers, with a portfolio that includes both proprietary brands and franchises. SSP operates with a commitment to offering convenience, variety, and the essence of local and international cuisines to enhance the travel experience for millions of customers annually. SSP website
About Airport Retail Enterprises (ARE)
Airport Retail Enterprises (ARE) is a well-established operator of food and beverage outlets in airports across Australia. It specializes in delivering high-quality dining experiences for travelers, offering a diverse range of options from quick snacks to sit-down meals. ARE focuses on combining efficient service with a commitment to quality, ensuring passengers can enjoy a variety of food choices that cater to different tastes and preferences, enhancing the overall airport experience. AirportRetail.com.au
For more details, please refer to the original press releases on SSP Group’s and ARE’s websites.