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Sodexo
Sodexo (formerly Sodexho Alliance) is a French food services and facilities management company headquartered in the Paris suburb of Issy-les-Moulineaux. It has 522,000 employees as of 2023, operates in 55 countries and serves 100 million customers on a daily basis. It is Europe’s second largest company of its type by both number of employees and revenue after Compass Group.
For fiscal year 2023 (ending August 2023), revenues reached €28.1 billion with an underlying operating profit of 699 million euro. Market capitalization was 11.5 billion euro as at 26 October 2023.
Sodexo serves many sectors, including private corporations, government agencies, schools from preschool through university (including seminaries and trade schools), hospitals and clinics, assisted-living facilities, military bases, and prisons. As of 2016, subsidiary Sodexo Justice Services operated support services in 122 prisons in eight countries, including 42 in the Netherlands, 34 in France, and others in Belgium, Italy, Spain, and Chile, as well as directly running 7 prisons in the UK.
The company was launched in 1966 by Pierre Bellon (Chairman) in Marseille, France, initially serving company restaurants, schools and hospitals under the name Société d'Exploitation Hotelière (English: Hotel Services Corporation). Today Sodexo is on the Fortune Global 500 list and the second largest employer among all French multi-national corporations.
Throughout the 1970s, the company expanded in France and internationally; first in Belgium, then Africa, and finally the Middle East.[citation needed] After an initial public offering on the Paris Bourse in 1983, the firm continued its expansion into North America, South America, Japan, South Africa and Russia.
In 1994, on October 31, Sodexo began operations in India. Currently[when?] Sodexo India has over 40,135 employees. The head office is situated in Goregaon, Mumbai.[citation needed]
In 1997, Société d'Exploitation Hotelière's holding company changed its name to Sodexho, and joined forces with Universal Ogden Services, the leading remote-site service provider in the U.S.
On 11 January 1995, Sodexo S.A. acquired food company Gardner Merchant Ltd. from Cinven and CVC Capital Partners.
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Sodexo
Sodexo (formerly Sodexho Alliance) is a French food services and facilities management company headquartered in the Paris suburb of Issy-les-Moulineaux. It has 522,000 employees as of 2023, operates in 55 countries and serves 100 million customers on a daily basis. It is Europe’s second largest company of its type by both number of employees and revenue after Compass Group.
For fiscal year 2023 (ending August 2023), revenues reached €28.1 billion with an underlying operating profit of 699 million euro. Market capitalization was 11.5 billion euro as at 26 October 2023.
Sodexo serves many sectors, including private corporations, government agencies, schools from preschool through university (including seminaries and trade schools), hospitals and clinics, assisted-living facilities, military bases, and prisons. As of 2016, subsidiary Sodexo Justice Services operated support services in 122 prisons in eight countries, including 42 in the Netherlands, 34 in France, and others in Belgium, Italy, Spain, and Chile, as well as directly running 7 prisons in the UK.
The company was launched in 1966 by Pierre Bellon (Chairman) in Marseille, France, initially serving company restaurants, schools and hospitals under the name Société d'Exploitation Hotelière (English: Hotel Services Corporation). Today Sodexo is on the Fortune Global 500 list and the second largest employer among all French multi-national corporations.
Throughout the 1970s, the company expanded in France and internationally; first in Belgium, then Africa, and finally the Middle East.[citation needed] After an initial public offering on the Paris Bourse in 1983, the firm continued its expansion into North America, South America, Japan, South Africa and Russia.
In 1994, on October 31, Sodexo began operations in India. Currently[when?] Sodexo India has over 40,135 employees. The head office is situated in Goregaon, Mumbai.[citation needed]
In 1997, Société d'Exploitation Hotelière's holding company changed its name to Sodexho, and joined forces with Universal Ogden Services, the leading remote-site service provider in the U.S.
On 11 January 1995, Sodexo S.A. acquired food company Gardner Merchant Ltd. from Cinven and CVC Capital Partners.