News / UK and world by Press Association August 19, 2019, 8:15 am Send us a story Sign up to our Daily newsletter Mitie Group has announced a deal to sell its catering business to royal warrant holder CH&Co for as much as £85 million, in a move which will narrow the outsourcer’s focus amid intense scrutiny on the industry. The disposal includes the Gather & Gather and Creativevents brands across the UK. It will fetch an initial £73 million in cash upon completion, as well as a deferred £12 million over the next four years if certain performance targets are met. Buyer CH&Co holds a royal warrant for its services, with clients including the Historic Royal Palaces, ZSL London Zoo, and Kew Gardens. As part of the deal, the companies will enter into a partnership which ensures Gather & Gather remains exclusive to Mitie’s clients, with CH&Co providing the service as a preferred partner. CH&Co boss Bill Toner said: “We are very excited about the future growth potential for our business in our strategic partnership with Mitie – we bring scale and catering expertise, Mitie brings an extensive client list and innovation, we both share a reputation for great… Read full this story
- Byron Allen Strikes $290M Deal To Buy 11 Local Stations From USA Television
- ‘The Affair’ Co-Creator & Exec Producer Sarah Treem Strikes Overall Deal With Fox 21 Television Studios
- Amber Portwood Strikes Plea Deal in Domestic Battery Arrest
- EU ministers strike Iran deal
- Staying together for the kids: Sony and Marvel strike a deal to co-produce 3rd
- Spanish-Language Horror Hit ‘Morgue’ Strikes Sales Deal With Remakes Specialist FilmSharks; Watch First International Trailer
- Philip Hammond urges business leaders to accept Brexit result
- Not easy to do business in India, say entrepreneurs soon after Siddhartha's 'disappearance'
- SSE sale of retail business to Ovo creates new UK energy giant
- SSE in talks with Ovo over sale of UK energy business
Mitie strikes £85m deal to offload catering business have 324 words, post on www.eveningtelegraph.co.uk at August 19, 2019. This is cached page on IT Breaking News. If you want remove this page, please contact us.