Autogrill

Last updated
Autogrill S.p.A.
Type Società per azioni
BIT:  AGL
Industry Catering
Founded1947;76 years ago (1947)
Headquarters
Rozzano
,
Italy
Key people
Paolo Roverato (chairman), Gianmario Tondato Da​ Ruos ​ (CEO)
Products Foodservice at service areas, airport terminals, train stations, ports
Revenue€ 2.0 billion (2020)
Number of employees
31,092 (2020)
Parent Dufry (2023-present)
Subsidiaries [1] [2]
Website autogrill.com

Autogrill is an Italian-based, multinational catering company, which was controlled with a 50.1 [3] % stake by the Edizione Holding investment vehicle of the Benetton family. [4] Over 90% of the company's business derives from outlets in airport terminals and motorway service areas. [5]

Contents

It runs operations in 30 countries, [6] primarily in Europe and North America, [7] with over 300 licensed and proprietary brands. [8]

On February 6, 2023, Dufry acquired a controlling interest in the company. [9]

History

Autogrill was founded in 1947 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-restaurant accessible by travellers in both directions fifteen years later. [10] 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. [10] Edizione Holding, the financial holding company of the Benetton family, acquired a controlling stake through the process.

Ecogrill by Giulio Ceppi - Autogrill, Lainate (Milan) Lainate - area di servizio Villoresi est.jpg
Ecogrill by Giulio Ceppi - Autogrill, Lainate (Milan)
Autogrill "Brembo" in Italy (Osio Sopra) Osio Sopra - autostrada A4 - area servizio Brembo.jpg
Autogrill "Brembo" in Italy (Osio Sopra)

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); [11] AC Restaurants and Hotels of Benelux [12] as well as 14 branches of the Wienerwald chain in Austria and Germany. [13]

Travel Retail and Duty Free business

In July 1999 the group made its first entry into both the United States and airport concession markets [10] by acquiring Host Marriott Services, which was then renamed HMSHost. [14] Other major acquisitions by the group included the Swiss firm Passaggio (completed in 2001), [10] 70% of high-speed train station operator Receco in 2002, [15] Spanish-based airport duty-free retailer Aldeasa in 2005 (50-50 with Altadis) [16] and Belgium's Carestel (completed in 2007). [17] Autogrill acquired the remaining 50% in Aldeasa for complete control in 2008. It also purchased Alpha Group [18] and World Duty Free Europe in 2008 and merged them with Aldeasa in 2011 to create World Duty Free Group, a super-retailer at Airports. [19] In 2010, it had €785 million in sales in the United Kingdom and €494 million in sales in Spain. [4]

Demerger to WDF

On 6 June 2013, Autogrill approved the project of proportional partial demerger whereby Autogrill S.p.A. transferred the Travel Retail and Duty Free business to its wholly owned subsidiary World Duty Free S.p.A. (parent company of World Duty Free Group), the beneficiary, by assigning to the latter the entire shareholding in the Group's Travel Retail and Duty Free business. [20]

On 1 October 2013, World Duty Free has listed on the Borsa Italiana in Milan, marking the culmination of the demerger process from parent group Autogrill. [20]

See also

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References

  1. ↑ "Concepts and Brands | Autogrill". www.autogrill.com. Retrieved 2022-03-30.
  2. ↑ "Brands | Autogrill". www.autogrill.com. Retrieved 2022-03-30.
  3. ↑ "Shareholding". Autogrill.com. Retrieved 2018-03-10.
  4. 1 2 Chevalier, Michel (2012). Luxury Brand Management. Singapore: John Wiley & Sons. ISBN   978-1-118-17176-9.
  5. ↑ "Brands and concepts". Autogrill S.p.A. Retrieved 2019-10-03.
  6. ↑ "Where we are | Autogrill".
  7. ↑ "Us, at a glance | Autogrill".
  8. ↑ Autogrill.com - Strategia dei marchi Archived August 29, 2007, at the Wayback Machine
  9. ↑ "Dufry Completes Acquisition Of Autogrill". Airport Experience News. Retrieved 2023-07-18.
  10. 1 2 3 4 "Our History". Autogrill S.p.A. Retrieved 10 October 2010.
  11. ↑ "Autogrill to buy French concern Sogerba". Nation's Restaurant News. 15 December 2007. Retrieved 2007-10-26.
  12. ↑ AC Restaurants, 2008-03-05, Retrieved 2007-10-26
  13. ↑ AC Restaurants
  14. ↑ Associated, Press (26 Jul 1999). "Italian firm wants to buy Host Marriott Services". Deseret News . Retrieved 2019-10-03.
  15. ↑ "Con l'acquisizione di Receco Autogrill conquista la pole position nelle stazioni spagnole dell'alta velocità" (in Italian). Autogrill.com. 14 March 2002. Retrieved 2007-10-26.
  16. ↑ "Our History" . Retrieved 2007-10-26.
  17. ↑ "Squeeze-out takes Autogrill to 99,81% of Carestel" (Press release). Autogrill S.p.A. 5 February 2007. Retrieved 2007-10-26.
  18. ↑ "History" . Retrieved 2019-10-25.
  19. ↑ "History". Autogrill S.p.A. Retrieved 2019-10-25.
  20. 1 2 |url=https://www.autogrill.com/en/about-us/our-history
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