Autogrill
{{Short description|Italian company}}
{{Infobox company
| name = Autogrill S.p.A.
| logo = Autogrill-Logo.svg
| logo_size = 120px
| type = Public
| traded_as = {{ISE|IT0001137345|AGL}}
| foundation = {{start date and age|1947}}
| location_city = Rozzano
| location_country = Italy
| key_people = {{ubl
|Paolo Roverato (chairman)
|Gianmario Tondato Da{{wbr}} Ruos{{wbr}} (CEO)
}}
| industry = Catering
| products = Foodservice at service areas, airport terminals, train stations, ports
| parent = Avolta (2023–present)
| services =
| revenue = € 2.0 billion (2020)
| num_employees = 31,092 (2020)
| divisions =
| subsid = {{Cite web |title=Concepts and Brands {{!}} Autogrill |url=https://www.autogrill.com/en/about-us/brands-and-concepts |access-date=2022-03-30 |website=www.autogrill.com}}{{Cite web |title=Brands {{!}} Autogrill |url=https://www.autogrill.com/en/categoria-media/brands |access-date=2022-03-30 |website=www.autogrill.com |language=en}}
| homepage = [http://www.autogrill.com/ autogrill.com]
}}
Autogrill S.p.A. is an Italian multinational catering company, which was controlled with a 50.1{{Cite web|url=https://www.autogrill.com/en/investor-relations/stock-information/shareholding|title=Shareholding|website=Autogrill.com|access-date=2018-03-10}}% stake by the Edizione Holding investment vehicle of the Benetton family.{{cite book | title=Luxury Brand Management | publisher=John Wiley & Sons | author=Chevalier, Michel | year=2012 | location=Singapore | isbn=978-1-118-17176-9}} Over 90% of the company's business derives from outlets in airport terminals and motorway service areas.{{cite web|url=https://www.autogrill.com/en/about-us/brands-and-concepts|title=Brands and concepts|publisher=Autogrill S.p.A|accessdate=2019-10-03}}
It runs operations in 30 countries,{{Cite web|url=https://www.autogrill.com/en/about-us/where-we-are|title = Where we are | Autogrill}} primarily in Europe and North America,{{Cite web|url=https://www.autogrill.com/en/about-us/us-glance|title = Us, at a glance | Autogrill}} with over 300 licensed and proprietary brands.[http://www.autogrill.com/attivita/marchi.aspx Autogrill.com - Strategia dei marchi] {{webarchive |url=https://web.archive.org/web/20070829113141/http://www.autogrill.com/attivita/marchi.aspx |date=August 29, 2007 }}
On February 6, 2023, Dufry acquired a controlling interest in the company.{{Cite web|url=https://www.airportxnews.com/dufry-completes-acquistion-of-autogrill|title=Dufry Completes Acquisition Of Autogrill|work=Airport Experience News|date=6 February 2023 |access-date=2023-07-18|language=en-US}}
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 A4 in 1947, replacing it with a bridge-restaurant accessible by travellers in both directions fifteen years later.{{cite web|url=https://www.autogrill.com/en/about-us/our-history|title=Our History|publisher=Autogrill S.p.A|accessdate=10 October 2010}} 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. Edizione Holding, the financial holding company of the Benetton family, acquired a controlling stake through the process.
File:Lainate - area di servizio Villoresi est.jpg (Milan)]]
File:AUT Weer, Raststation Weer 003.jpg, Austria]]
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);{{cite news|url=https://www.italiaoggi.it/archivio/autogrill-decolla-con-sogerba-342477|title=Autogrill to buy French concern Sogerba|date=15 December 2007|accessdate=2007-10-26|publisher=Nation's Restaurant News}} AC Restaurants and Hotels of BeneluxAC Restaurants, 2008-03-05, Retrieved 2007-10-26 as well as 14 branches of the Wienerwald chain in Austria and Germany.AC Restaurants
= Travel Retail and Duty Free business =
In July 1999 the group made its first entry into both the United States and airport concession markets by acquiring Host Marriott Services, which was then renamed HMSHost.{{cite news|url=https://www.deseret.com/1999/7/26/19457524/italian-firm-wants-to-buy-host-marriott-services|title=Italian firm wants to buy Host Marriott Services|last=Associated|first=Press|date=26 Jul 1999|newspaper=Deseret News|accessdate=2019-10-03}} Other major acquisitions by the group included the Swiss firm Passaggio (completed in 2001), 70% of high-speed train station operator Receco in 2002,{{cite news|url=https://www.autogrill.com/it/comunicati-stampa/con-lacquisizione-di-receco-autogrill-conquista-la-pole-position-nelle-stazioni|title=Con l'acquisizione di Receco Autogrill conquista la pole position nelle stazioni spagnole dell'alta velocità|date=14 March 2002|accessdate=2007-10-26|publisher=Autogrill.com|language=it}} Spanish-based airport duty-free retailer Aldeasa in 2005 (50-50 with Altadis){{cite news|url=https://www.autogrill.com/en/about-us/our-history|title=Our History|accessdate=2007-10-26}} and Belgium's Carestel (completed in 2007).[https://www.autogrill.com/en/press-releases/squeeze-out-takes-autogrill-9981-carestel]{{cite press release |title=Squeeze-out takes Autogrill to 99,81% of Carestel |date=5 February 2007 |publisher=Autogrill S.p.A. |url=https://www.autogrill.com/en/press-releases/squeeze-out-takes-autogrill-9981-carestel |accessdate=2007-10-26}} Autogrill acquired the remaining 50% in Aldeasa for complete control in 2008. It also purchased Alpha Group{{cite news|url=https://www.autogrill.com/en/about-us/our-history|title=History|accessdate=2019-10-25}} 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.{{cite news|url=https://www.autogrill.com/en/about-us/our-history|title=History|accessdate=2019-10-25|publisher=Autogrill S.p.A.}} In 2010, it had €785 million in sales in the United Kingdom and €494 million in sales in Spain.
== 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.|url=[https://www.moodiedavittreport.com/world-duty-free-shares-to-be-listed-from-1-october-as-demerger-sealed/ https://www.autogrill.com/en/about-us/our-history]
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.
See also
{{Portal|Companies}}
References
{{Reflist|colwidth=35em}}
External links
{{commons category|Autogrill}}
- {{official website|http://www.autogrill.com/en}}
{{FTSE MIB companies}}
Category:Companies based in Lombardy
Category:Food and drink companies of Italy
Category:Food and drink companies established in 1947
Category:Restaurants established in 1947