Autogrill
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| Autogrill S.p.A | |
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| Type | Public (BIT: AGL) |
| Founded | 1977 |
| Headquarters | Rozzano, Italy |
| Key people | Gilberto Benetton (Chairman of the board) Gianmario Tondato da Ruos (CEO) |
| Industry | Food and Beverage, Retail |
| Products | Foodservice and retail outlets at service areas, airport terminals, train stations, ports and shopping centres |
| Revenue | € 3.929 bln (2006)[1] |
| Employees | 51,000 (2006)[1] |
| Subsidiaries | Airport Terminal Restaurant, Aldeasa (50%), Aplha Airports, Carestel, HMSHost[2] |
| Website | www.autogrill.com |
Autogrill (BIT: AGL) is an Italian-based, multinational catering and retail company, the world's largest in the travel dining sector,[3] which is controlled with a 57% stake by the Edizione Holding investment vehicle of the Benetton family.[4] Autogrill runs operations in 40 different countries, primarily in Europe and North America, with over 250 licensed and proprietary brands.[5] Over 90% of the company's business derives from outlets in airport terminals and motorway service areas.[1]
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[edit] Company history
Autogrill was founded in 1977 when SME, a division of Italian state-owned conglomerate Istituto per la Ricostruzione Industriale (IRI), purchased then merged Italian restaurant groups Motta, Pavesi and Alemagna. Pavesi had begun to operate a service area on the Milan-Novara motorway in 1947, replacing it with a bridge structure accessible by travellers in both directions fifteen years later.[6] Having grown both domestically and through foreign acquisitions, Autogrill was privatised by the Italian Government in 1995 as IRI shed its food and beverage businesses.[6] Edizione Holding, the financial holding company of the Benetton family, acquired a controlling stake through the process. Edizione floated the company on the Milan Stock Exchange in 1997, sparking a series of acquisitions in overseas markets: by the end of 1998, Autogrill had secured full control of French operator Sogerba (previously owned by Granada Group);[7] AC Restaurants and Hotels of Benelux[8] as well as 14 branches of the Wienerwald chain in Austria and Germany.[9] In July 1999 the group made its first entry into both the United States and airport concession markets[6] by acquiring Host Marriott Services, which was then renamed HMSHost.[10] Other major acquisitions by the group included the Swiss firm Passaggio (completed in 2001),[6] 70% of high-speed train station operator Receco in 2002,[11] Spanish-based airport duty-free retailer Aldeasa in 2005 (50-50 with Altadis)[12] and Belgium's Carestel (completed in 2007).[13]
[edit] Links related
[edit] External links
[edit] References
- ^ a b c Reports and Accounts 2006. Autogrill S.p.A. Retrieved on 2007-10-26.
- ^ Extraordinary operations. Autogrill S.p.A. Retrieved on 2007-10-27.
- ^ "Autogrill moves to take over Alpha Airports", Reuters, 4 June 2007. Retrieved on 2007-10-26.
- ^ Autogrill.com - Strategia dei marchi
- ^ a b c d History. Autogrill S.p.A. Retrieved on 2007-10-26.
- ^ "Autogrill to buy French concern Sogerba", Nation's Restaurant News, 15 December 2007. Retrieved on 2007-10-26.
- ^ History. AC Hotels and Restaurants. Retrieved on 2007-10-26.
- ^ Hansen, James. "Spicing Up the European Pizza Market", International Herald Tribune, 7 March 1998. Retrieved on 2007-10-26.
- ^ Tagliabue, John. "'Begols' and 'Dirty Water'; Fast-Food Chains Take U.S. Marketing to Europe", The New York Times, 27 August 1999. Retrieved on 2007-10-26.
- ^ "(Spanish) Autogrill compra el 70 por ciento de Receco por 17 millones de euros", labolsa.com, 14 March 2002. Retrieved on 2007-10-26.
- ^ Davoudi, Salamander. "Autogrill sounded out over SSP bid", Financial Times, 12 January 2006. Retrieved on 2007-10-26.
- ^ Carestel Group (5 February 2007). "Squeeze-out takes Autogrill to 99,81% of Carestel". Press release. Retrieved on 2007-10-26.
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