UK-based foodservice company SSP Group has made its debut in Indonesia with a joint venture with local food and beverage business PT Taurus Gemilang (TG).
SSP will own 60 per cent of the joint venture and operate 13 outlets, including 12 at I Gusti Ngurah Rai International Airport in Bali and one at Juanda International Airport in Surabaya. The stores are of TG’s own brands and some local franchised brands.
Patrick Coveney, CEO of SSP Group, said the Asia-Pacific region is strategically important in the company’s growth plans.
“This new deal will provide us with an excellent foundation to develop our operations in Indonesia and will put us in a highly competitive position to secure future new business,” Coveney added.
The new joint venture is expected to assume operations later this summer, subject to obtaining the necessary consents. The management team and colleagues based in those locations will transfer to the new company upon completion of the deal.
Indonesia is projected to be the fourth-largest aviation market globally by 2039. The country is home to more than 150 airports, 14 of which welcome more than 3 million passengers a year.
