United States, 2016-Oct-23 — /EPR Retail News/ — SSP Group plc1, a leading operator of food and beverage outlets in travel locations worldwide, has agreed to create a joint venture, whereby SSP will own a 49% stake in Travel Food Services Private Limited (“TFS”), a leading operator of food and beverage concessions in travel locations in India. SSP will acquire shares from the Kapur Family Trust, SNVK Properties Private Limited and KAPCO Caterers, part of the K Hospitality Group2 and subscribe for new shares in TFS3. K Hospitality operates a broad range of food and beverage outlets across India.
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Source: SSP America