With origins in Group Catair in 1996 and founded by its Co-CEO’s Olivier Sadran and Jonathan Stent-Torriani, Newrest is the only major catering company active in all catering and related hospitality segments including airline catering, buy-on-board, duty-free on board, contract catering, remote site and support services, rail catering, airport and motorway retail.
With revenues under management of almost 1.365 Billion Euros in 2019/20 and 29,500 employees world-wide in 57 countries, Newrest is also the first largest ‘independent’ airline caterer world-wide.
At year end closing 2020 (September) Newrest is 94.6% management-owned, with its managers holding its capital (340 managers). The remaining capital is held by Private Equity Funds (3.5%) and Duti Participation (1.9%). Newrest is committed to constant improvement and innovation for its clients, the well-being and progress of its employees and managers, a sustainable and durable development of the company, and total respect of social and environmental values in all of its activities.
It is in difficult times that we truly appreciate past decisions. The groupʼs increased solidarity with its employees is the result of capital mainly held by its management (94.6 % of the capital is held by over 340 managers), the rest of the shares belonging to trusted private investors.
Newrest is the only global catering company with almost zero net debt.
The company therefore exercises control over its strategic choices, a guarantee of its historical agility. We continue to favour long-term, sustainable development over short-term profitability.
Every day, our 29,500 employees turn out 1.080.000 meals for some of the biggest countries in the world. Newrest is committed to continuously improving and innovating the services it offers to its clients, as well as to the well-being and progress of its employees and executives. Sustainable development and adherence to social values lie at the heart of the company’s ethos and activities.