News on 28 November 2000
Foodservice group Compass has extended its global foodservice contract with Royal Philips Electronics for a further three years.
The initial agreement, announced in March 1998, a contract which covered the operation of staff restaurants, conference and meeting facilities, convenience shops, executive dining facilities and vending at all Philips’ locations worldwide.
Hans Brons, vice president and general manager of Philips’ Global Purchasing Services said: “When we signed the initial agreement it was the first global foodservice contract of its kind anywhere in the world. Our aim was to work with a company with the ability to handle the large scale and complex change process and to provide better quality service and choice for the Philips employee. We have decided to extend the agreement because Compass Group has proved its ability to exceed the targets we set.”
Michael J. Bailey, chief executive, Compass Group, said: “This contract extension is excellent news for both companies as it will allow Philips and Compass Group to further capitalise on the benefits of the agreement. We appreciate the confidence Philips have in our global scale and local focus. This contract extension and other recent contract gains clearly demonstrates the leading position of Compass Group in the marketplace”
