Compass Group PLC
17 December 2003
Royal Philips Electronics and Compass Group PLC extend
Global Foodservice Partnership for a further 10 years
17 December 2003
Compass Group is pleased to announce that Royal Philips Electronics is extending
its Global Foodservice Agreement with Compass Group for a period of 10 years.
The initial contract was awarded in 1998. At the time it was the first ever
global agreement signed in the foodservice market. Compass Group now serves
over 88,000 Philips employees at staff restaurants, conference and meeting
facilities, convenience shops and executive dining and vending worldwide.
Michael J. Bailey, Chief Executive, Compass Group said: 'We are very pleased to
continue our relationship with Philips. Our extensive geographic coverage and
focus on global account management, coupled with our ability to offer high
quality foodservice, strong brands and vending, is becoming increasingly
relevant as to why we win and retain international business'.
Since signing the first global agreement with Philips in 1998, Compass Group has
won a significant number of international contracts with clients such as IBM,
Microsoft, American Express, ChevronTexaco and Schlumberger.
Enquiries:
Compass Group PLC +44 (0) 1932 573000
Sarah Ellis
Director Investor Relations
Brunswick Group Ltd +44 (0) 20 7404 5959
Timothy Grey/Pam Small
Note to Editors
Compass Group is the world's largest foodservice company with annual revenues in
excess of £11 billion. Compass Group has over 400,000 employees working in more
than 90 countries around the world.
For more information, visit www.compass-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
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