Airport operator Groupe ADP and global travel concession company SSP Group enter joint venture partnership to develop more than 100 food and beverage units at two airports in Paris, France
Groupe ADP selects SSP Group to develop more than 100 F&B units at Paris airports | Photo credit: David Mark
Groupe ADP has selected SSP Group to develop more than 100 food and beverage units at the Paris-Charles de Gaulle and Paris-Orly airports. The 11-year joint venture partnership aims to improve passenger hospitality experience, with the additional units anticipated to generate €1.8bn in turnover over the period.
Both companies will share ownership of the units pending regulatory approval by competition authorities, according to a press release.
The partnership follows SSP’s contract win to introduce three local food and beverage brands at Gold Coast Airport in Australia in July 2021.
The new business will be welcome news for SSP Group, which in July 2020 reported
a 90% drop in revenues as Covid-19 restrictions decimated travel footfall worldwide.
its 2021 third quarter results, SSP said its revenues were 27% of 2019 levels but on track to return to pre-Covid levels in 2024.
SSP Group operates around 2,800 food and beverage outlets at 300 railway stations and 180 airports in 36 countries. It runs its own café brands, such as Caffè Ritazza, Upper Crust and Camden Food Co., in addition to licensed brands including Starbucks, Pret A Manger, and Burger King.
Groupe ADP manages facilities development, including infrastructure and hospitality outlets at the Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget airports in France, under the Paris Aéroport brand. The group also maintains active roles at 125 airports in 50 countries around the world.