HMSHost and STARBUCKS together for another 10 years: agreement is worth 4.4 billion dollars in revenues for HMSHost

Thursday, April 24, 2003

Milan, 24 April 2003 - HMSHost, Autogrill’s American subsidiary, has announced an extension to its exclusive agreement to build and manage Starbucks Coffee locations in airports and motorway travel plazas across the USA. The agreement extends the relationship between the two companies for another ten years. It is expected to generate cumulative revenues of more than 4.4 billion US dollars for HMSHost over that time.
On one side of the partnership is the Italian multinational that has become the world’s leading provider of restaurant services for people on the move and its US subsidiary, which for decades has stood as an example of excellence in food, beverage and retail concessions to the travel industry. On the other is the group that has established a brand known the world over as the American “temple of coffee”, with more than 6,000 locations.
“The Starbucks/HMSHost relationship is built on a shared spirit of creativity and innovation and on an excellent organization that drives both companies to reach their full potential,” said Gianmario Tondato, chief executive officer of the Autogrill Group.