Compass group warns of massive hit
Posted 17th March 2020
Future of Work
The world’s biggest catering firm, Compass Group, has said its revenues could fall by up to 30% as a result of the measures being introduced to curb the spread of coronavirus.
Compass said the vast majority of its Sports & Leisure and Education business in Europe and North America has been closed, and its Business & Industry volumes are “being severely impacted”.
The company said it was implementing “significant mitigation plans to manage our costs”, but that its expects revenues to fall by 25%-30% across the business.
