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Airport Retail Enterprises Pty Ltd (ARE) are excited to announce we have entered into an agreement to sell 100% of its Australian shares to SSP Group (SSP), a leading operator of restaurants, bars, cafes and other food and beverage outlets in travel locations across 36 countries. Further information about SSP can be found at https://www.foodtravelexperts.com/.

Founder of ARE, Peter Butts has stated: “Since 1971, Airport Retail Enterprises (“ARE”) has been focused on creating exceptional dining experiences for our customers and, in doing so, has grown to become a leading operator of airport F&B outlets in Australia. This transaction is a major milestone for ARE and we are delighted to be joining the SSP Group, one of the leading F&B operators in travel locations globally. The acquisition will allow the combined business to offer an even wider range of high-quality F&B selections and maintain an unwavering commitment to excellence in the airport environment.

I would like to take this opportunity to thank all of our team members who have played such an integral role in shaping ARE into the business it is today. I’ve loved every minute of building and watching ARE grow, and I know this sale is the right decision for the future of ARE, and for myself and my family. I believe SSP will take ARE on an exciting and prosperous journey in the years to come.” ARE was advised by Greenstone Partners, Corrs Chambers Westgarth, Alvarez & Marsal and KPMG.