PARIS--(BUSINESS WIRE)--Regulatory News:
Sodexo (Paris:SW)(OTCBB:SDXAY) completed today the acquisition of the French company Lenôtre, following approval by competition authorities.
Created in 1947, Lenôtre symbolizes the elegance and rigor of French luxury goods, embodied by its upscale gastronomy business: its boutiques, its reception and events activity as well as its three-star restaurant, Le Pré-Catelan.
Through this acquisition, Sodexo will develop its portfolio of Prestige activities in France and internationally and further develop its expertise in luxury gastronomy, enhancing its offering to clients.
Patrick Scicard, Chairman of Lenôtre’s Management Board since 1995, will continue to direct the company, working with his existing team.
Sodexo, world leader in Quality of Daily Life Solutions
Quality of Life plays an important role in the progress of individuals and the performance of organizations. Based on this conviction, Sodexo acts as the strategic partner for companies and institutions that place a premium on performance and employee well-being, as it has since Pierre Bellon founded the company in 1966. Sharing the same passion for service, Sodexo’s 380,000 employees in 80 countries design, manage and deliver an unrivaled array of On-site Service Solutions and Motivation Solutions. Sodexo has created a new form of service business that contributes to the fulfillment of its employees and the economic, social and environmental development of the communities, regions and countries in which it operates.
Key figures (as of August 31, 2010)
15.3 billion euro consolidated revenue
21st largest employer worldwide
50 million consumers served daily
7.8 billion euro market capitalization (as of September 22, 2011)