Caffè Ritazza owner eyes empty Tube ticket offices
Monday 09 June 2014
The company behind coffee shops, food stores and restaurants at airports and train stations is hoping to cash in on Transport for London’s plans to install retailers in soon- to-be empty ticket offices at Underground stations.
Kate Swann, the chief executive of SSP, said that the company which owns the Upper Crust and Caffè Ritazza brands has been involved in discussions with Tube bosses, who want to raise £3bn and have already announced several high-profile deals with major supermarkets and delivery firms.
Asked about wanting to be in Tube stations, she said: “We are in constant discussions with all our key clients, including Transport for London. We already have good relationships in that area because we’re in train stations across the country.”
Her comments come as the company revealed that underlying pre-tax profits jumped 12.6 per cent to £54m for the six months to end of March. SSP’s sales were up 4.6 per cent at £866m.
Sales in the US were particularly strong following new openings in New York’s JFK airport, alongside Phoenix and San Diego.
Ms Swann, the former boss of WH Smith, said the potential in the US is significant – sales in North America were up 25 per cent – because airports have been slow to offer a wider choice of food and drinks stores.
She said: “Most of the airport owners there are government, whereas in the rest of the world they are more commercial landlords, which makes things a bit slower. It’s democratic and everyone is asked their opinions.”
Airport and train station operators are also becoming more discerning with the kind of restaurants and cafes SSP installs, with bosses wanting a more-targeted approach.
Ms Swann said: “Our clients want us to replicate what’s important to the local area. In Newcastle airport, for example, we’re just opened a new bar called the Newcastle Beer House.”
Elsewhere, the Dani Garcia Deli Bar at Malaga airport sells locally sourced food while the Grain Loft at Manchester airport promotes regional ales.
Sales across the rest of the world were up 9 per cent, but these were dragged down by unrest in Egypt and Thailand, while SSP’s lack of business in South America means that it will not benefit directly from the World Cup in Brazil.
- 1 Lord Sewel quits: Peer 'boasts of having sex with BBC presenter and seeing 13 mistresses'
- 2 Kenya President Uhuru Kenyatta clashes with President Obama on LGBT equality: ‘Gay rights is really a non-issue’
- 3 Topshop pulls 'ridiculously skinny' mannequins after being shamed by customer on Facebook
- 4 Five-year-old boy forced classmate to simulate oral sex at primary school, claims mother
- 5 Black and ethnic minority people twice as likely to be hit by Tory cuts than white people, report finds
Mystery over deaths of 3,000 Napoleonic soldiers in mass grave has been solved
Boris Johnson apologises after giving his wife a 'backie' on his bike on the streets of London
Black and ethnic minority people twice as likely to be hit by Tory cuts than white people, report finds
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
Rolling Stones guitarist Keith Richards, 71, still enjoys 'an early morning joint' for breakfast
The 9 charts that show the 'left-wing' policies of Jeremy Corbyn the public actually agrees with
Labour leadership contender Jeremy Corbyn says 'we can learn a great deal from Karl Marx'
The last thing Labour needs is a leader like Jeremy Corbyn who people want to vote for
What the Labour party could look like under Jeremy Corbyn
I am the Jeremy Corbyn supporter that many will tell you doesn't exist
Public anger after French sunbather beaten up by gang for wearing a bikini in Reims park
iJobs Money & Business
£22500 - £24500 per annum: Recruitment Genius: Inbound and outbound calls with...
£18000 - £40000 per annum: Recruitment Genius: This fast growing Insurance Bro...
£40 - 45k (DOE) + Benefits: Guru Careers: A Research Associate / Research Anal...
£90000 - £98000 per annum + benefits : Ashdown Group: A truly exciting opportu...