France-based Elior, one of Europe’s biggest contract catering groups, has sold its Pomme de Pain chain of sandwich shops to investment fund Acto for an undisclosed sum.
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At the presentation of its interim results last week, Elior had indicated it had begun the process of shedding its fastfood outlets located in shopping centre/city centre sites which apart from Pomme de Pain also include the Quick restaurant chain.
Acquired by Elior in 1995, Pomme de Pain operates 52 outlets, generating a turnover of €30m (US$36.1m), while a further 22 outlets are franchised.
