INTERNATIONAL. In big breaking news, Elior Group, one of the world’s leading food & beverage and support services players, announced today that it is carrying out a review of strategic options for its concession catering activities, which are grouped within its Areas subsidiary.
Areas is the world’s number three player in contract catering and a major force in airport food & beverage. Elior is the world number four in contract catering.
Elior said that the review, “which could lead to the separation of Areas from the rest of the Group”, is intended to accelerate the development of each of its activities and create value for Elior Group shareholders.
The company said: “Elior Group emphasises that this review of strategic options may or may not result in a transaction and that the Group remains fully focused on executing the Elior Group 2021 plan as a way of creating value, regardless of the outcome of this process.”
Elior said it does not intend to report on the review’s progress before the Board of Directors has taken a decision either to approve a transaction or to end the process.
NOTE: The Moodie Davitt Report also publishes The Foodie Report, the world’s only media focused on airport (and other travel-related) food & beverage. The Foodie Report e-Newsletter is published every two weeks and The Foodie Report e-Zine every month.
Please send all news of food & beverage outlet openings, together with images, menus, video etc to Martin@MoodieDavittReport.com to ensure unrivalled global exposure. The company also organises the annual Airport Food & Beverage (FAB) Conference & Awards. This year’s FAB took place on 20-21 June in Helsinki. Look out for an announcement in coming days concerning FAB 2019.
