Autogrill
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| Type | Società per azioni |
|---|---|
| Traded as | BIT: AGL |
| Industry | Catering, retail |
| Founded | 1977 |
| Headquarters | Rozzano, Italy |
| Key people | Gilberto Benetton (Chairman), Gianmario Tondato da Ruos (CEO) |
| Products | Foodservice and retail outlets at service areas, airport terminals, train stations, ports and shopping centres |
| Revenue | €6.139 billion (2010)[1] |
| Operating income | €255.2 million (2010)[1] |
| Profit | €103.4 million (2010)[1] |
| Total assets | €3.943 billion (end 2010)[1] |
| Total equity | €711.4 million (end 2010)[1] |
| Employees | 62,500 (2010)[2] |
| Subsidiaries | Airport Terminal Restaurant, Aldeasa, Carestel, HMSHost |
| Website | www.autogrill.com |
Autogrill is an Italian-based, multinational catering and retail company, the world's largest in the travel dining sector,[3] which is controlled with a 59% 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.[6]
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History [edit]
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.[7] 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.[7] 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);[8] AC Restaurants and Hotels of Benelux[9] as well as 14 branches of the Wienerwald chain in Austria and Germany.[10] In July 1999 the group made its first entry into both the United States and airport concession markets[7] by acquiring Host Marriott Services, which was then renamed HMSHost.[11] Other major acquisitions by the group included the Swiss firm Passaggio (completed in 2001),[7] 70% of high-speed train station operator Receco in 2002,[12] Spanish-based airport duty-free retailer Aldeasa in 2005 (50-50 with Altadis)[13] and Belgium's Carestel (completed in 2007).[14] Autogrill acquired the remaining 50% in Aldeasa for complete control in 2008. It also purchased Alpha Group and World Duty Free in 2008 and merged them with Aldeasa in 2011 to create a super-retailer at Airports..[15]
See also [edit]
References [edit]
- ^ a b c d e "Annual Report 2010" (in Italian). Autogrill. Retrieved 25 April 2011.
- ^ "Profile". Autogrill. Retrieved 25 April 2011.
- ^ "Autogrill moves to take over Alpha Airports". Reuters. 4 June 2007. Retrieved 2007-10-26.
- ^ Autogrill.com - Strategia dei marchi
- ^ "Reports and Accounts 2006". Autogrill S.p.A. Retrieved 2007-10-26.
- ^ a b c d "History". Autogrill S.p.A. Archived from the original on 23 October 2010. Retrieved 10 October 2010.
- ^ "Autogrill to buy French concern Sogerba". Nation's Restaurant News. 15 December 2007. Retrieved 2007-10-26.
- ^ "History". AC Hotels and Restaurants. Archived from the original on 2008-03-05. Retrieved 2007-10-26.
- ^ Hansen, James (7 March 1998). "Spicing Up the European Pizza Market". International Herald Tribune. Retrieved 2007-10-26.
- ^ Tagliabue, John (27 August 1999). "'Begols' and 'Dirty Water'; Fast-Food Chains Take U.S. Marketing to Europe". The New York Times. Retrieved 2007-10-26.
- ^ "(Spanish)[[Category:Articles with Spanish language external links]] Autogrill compra el 70 por ciento de Receco por 17 millones de euros". labolsa.com. 14 March 2002. Retrieved 2007-10-26. Wikilink embedded in URL title (help)
- ^ Davoudi, Salamander (12 January 2006). "Autogrill sounded out over SSP bid". Financial Times. Retrieved 2007-10-26.
- ^ "Squeeze-out takes Autogrill to 99,81% of Carestel" (Press release). Carestel Group. 5 February 2007. Retrieved 2007-10-26.
- ^ "Autogrill buy of remaining 50 pct stake of Aldeasa cleared by EU". Forbes. AFX News. 8 April 2008. Retrieved 2009-06-21.
