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Aramark

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BUSINESS
August 12, 2016 | By Harold Brubaker, STAFF WRITER
Aramark said Wednesday that it paid $140 million this month for HPSI, an Irvine, Calif., group-purchasing firm for the health care, hospitality and higher education sectors. Eric J. Foss, Aramark's chairman and chief executive, said that HPSI - which was founded in 1964, according to HPSI's web site - has thousand of clients for whom it buys $1.4 billion worth of goods, but Aramark declined to share HPSI's revenue or profits on a conference call with analysts. "Our objective is to take this, combine it with our own purchasing power," Foss said.
NEWS
September 13, 2016 | By Marie McCullough, Staff Writer
Gov. Wolf will join Aramark officials to make a "major announcement" Monday, sparking speculation that the global food-services giant has decided on a new Center City headquarters location. Wolf's office said the news conference would be held at 1:30 p.m. at Cira Green on 30th Street, which happens to have a perfect view across the Schuylkill of 2400 Market St., a location the company has been considering. Aramark currently occupies about 365,000 square feet of space in its namesake tower at 1101 Market St. With the lease there expiring in 2018, the company had been weighing the possibility of moving its headquarters - including to another city.
NEWS
September 5, 2007 | By Susan Snyder INQUIRER STAFF WRITER
The Philadelphia School District in 2005 hired Aramark to help it erase a long-standing deficit in its full-service cafeterias. But the Philadelphia-based company hasn't closed that deficit, and school officials, none too happy, are now prepared to end the contract with the company if new terms can't be reached. Tom Brady, the district's interim chief executive, said yesterday that he might recommend that the district jettison Aramark when the contract expires at the end of September.
NEWS
March 31, 2009 | By Walter F. Naedele INQUIRER STAFF WRITER
Joseph J. Rotondo, 28, a computer programmer, died of multiple brain tumors Friday at his Langhorne home. His father, Joseph L., said that since 2007, Mr. Rotondo had worked in the campus-services department at Aramark, the Philadelphia food-services firm. "He worked on the Web sites that a student uses to transact food services," his father said. From 2001 to 2007, Mr. Rotondo worked with computers for the Defense Supply Center in Northeast Philadelphia. Born in Philadelphia, Mr. Rotondo graduated from Conwell-Egan High School in 1999, and earned his bachelor's degree in management information systems in 2003 and his master's in computer science in 2008, both from La Salle University.
BUSINESS
December 13, 1994 | by Francesca Chapman, Daily News Staff Writer
Aramark, the food-service provider formerly known as ARA Services Inc., said yesterday that it had acquired Harry M. Stevens Inc., which operates food and drink concessions at some of the nation's biggest arenas and ballparks. With the newly acquired contracts, Aramark, which has operated stadium concessions around the country since 1966, will now provide service at the homes of 28 teams in baseball, football, basketball and hockey. Aramark officials would not disclose the price of the deal, which gives the Center City-based company rights to venues in nine states and Puerto Rico.
NEWS
October 6, 2010
Aramark Corp., Philadelphia, lost a contract it had since 1992 to run the concession stands at Camden Yards, the home of the Baltimore Orioles. Aramark spokesman David Freireich would not disclose the reason the Orioles gave for deciding against renewing the company's contract for the 2011 baseball season. Aramark had 600 employees working at the ballpark. Many are expected to be picked up by whatever food-service company the Orioles select to succeed Aramark. A spokesman for the Orioles would not disclose the reason for the move.
BUSINESS
March 3, 2016 | By Harold Brubaker, STAFF WRITER
Aramark's 15-year contract to provide lodging, food and beverage, retail, recreational and transportation services at Yosemite National Park, which was the nation's fourth most-visited park last year, started Tuesday. When the National Park Service awarded the contract to Aramark last summer, the agency said Yosemite was the largest concession contract in the National Park system. Aramark officials said last month that they expected the Yosemite contract to bring in $120 million to $130 million a year.
BUSINESS
June 1, 2005 | By Harold Brubaker INQUIRER STAFF WRITER
Aramark Corp. won a five-year contract from the Philadelphia Eagles to handle concessions at Lincoln Financial Field, the Philadelphia food-services company said yesterday. The agreement puts Aramark in charge of serving hot dogs, pretzels and beer at all three of the city's major sports facilities. Aramark already has contracts at Citizens Bank Park and the Wachovia complex. The deal at the Linc, signed a few weeks ago, is worth an estimated $10 million a year in revenue - not a huge contract for a company with $10.2 billion in sales last year - but a symbolically important one. "We're real excited, with Philadelphia being our hometown from a corporate standpoint," said Norm Miller, group president of Aramark's sports and entertainment services division, which has contracts at 34 professional sports arenas, ballparks and stadiums.
BUSINESS
August 10, 2006 | By Harold Brubaker INQUIRER STAFF WRITER
A day after agreeing to a $6.3 billion buyout offer from private investors, Aramark Corp. reported a steep decline in quarterly net income because of noncash charges in its uniform-rental business. The previously announced pretax charges of $42.9 million reduced the Philadelphia company's net income 51 percent, to $35 million, or 19 cents a share, on revenue of $2.9 billion. For the same period a year ago, Aramark reported sales of $2.8 billion and earnings of $71.4 million, or 38 cents a share.
NEWS
September 26, 2007 | By Susan Snyder INQUIRER STAFF WRITER
The Philadelphia School District will end its contract with Aramark to run full-service cafeterias in 115 of the district's 267 schools, officials announced yesterday. As of Oct. 1, the school district will take back the operations and run the cafeterias, which Aramark has run for the last two years. District officials said earlier this month that they were unhappy that the company had not helped the district erase a long-standing deficit in its full-service cafeteria operations and were considering terminating the five-year contract - renewable annually - after the first two full years.
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NEWS
September 13, 2016 | By Marie McCullough, Staff Writer
Gov. Wolf will join Aramark officials to make a "major announcement" Monday, sparking speculation that the global food-services giant has decided on a new Center City headquarters location. Wolf's office said the news conference would be held at 1:30 p.m. at Cira Green on 30th Street, which happens to have a perfect view across the Schuylkill of 2400 Market St., a location the company has been considering. Aramark currently occupies about 365,000 square feet of space in its namesake tower at 1101 Market St. With the lease there expiring in 2018, the company had been weighing the possibility of moving its headquarters - including to another city.
BUSINESS
August 25, 2016 | By Harold Brubaker, STAFF WRITER
Aramark was one of three major food-service companies to receive a passing grade, barely, for seafood sustainability in a report issued Tuesday by the enviromental organization Greenpeace. Aramark and its biggest competitors, Sodexo USA and Compass Group USA, were the only three firms of 15 surveyed by Greenpeace to participate fully in the analysis, which looked at the companies' policies on wild and farm-raised seafood, labor practices of suppliers, traceability, and other factors.
BUSINESS
August 17, 2016 | By Jane M. Von Bergen, Staff Writer
Plenty of Olympic veterans from the Philadelphia area are in Rio for the 2016 games - basketball coaches Dawn Staley and Geno Auriemma and soccer star Carli Lloyd, to name a few. But one longtime local Olympics player is missing in action this year. After catering 16 Olympic Games since 1968, Aramark is sitting on the sidelines, not because it had to, but because it didn't bid for the huge and important job of feeding the athletes in the Olympic Village. "It was a business decision," company spokeswoman Karen Cutler said, declining to explain further.
BUSINESS
August 12, 2016 | By Harold Brubaker, STAFF WRITER
Aramark said Wednesday that it paid $140 million this month for HPSI, an Irvine, Calif., group-purchasing firm for the health care, hospitality and higher education sectors. Eric J. Foss, Aramark's chairman and chief executive, said that HPSI - which was founded in 1964, according to HPSI's web site - has thousand of clients for whom it buys $1.4 billion worth of goods, but Aramark declined to share HPSI's revenue or profits on a conference call with analysts. "Our objective is to take this, combine it with our own purchasing power," Foss said.
BUSINESS
August 6, 2016 | By Jane M. Von Bergen, Staff Writer
Everyone wore red on Thursday: the Phillies fans and the Unite Here pickets, in their union's trademark red T-shirts, who were marching by the hundreds outside Citizens Bank Park. Just like the Phillies, defeated after the San Francisco Giants scored a tie-breaking 10th-inning run, the ballpark's African American workers are losing, as well, said the union that represents them. That's because they tend to work disproportionately in the lowest-paying jobs, the union said. "It's a huge racial disparity," said Dermot Delude-Dix, a researcher with Unite Here Local 274, the hospitality workers union now in contract talks with Aramark, the Philadelphia-based global catering company that employs them at the ballpark.
BUSINESS
April 22, 2016 | By Harold Brubaker, Staff Writer
Samantha Quinones bought kale for the first time this week - and ate it raw in a salad mixed with some spinach. Chalk it up to a class on food and nutrition that the 25-year-old single mother of two boys is taking at Congreso de Latinos Unidos in North Philadelphia. Quinones, who lives in the Mayfair section of Northeast Philadelphia, said the class, sponsored by the food-service giant Aramark and the American Heart Association, is making a big difference to her. "I'm more aware of what I buy at the grocery store," Quinones said.
BUSINESS
April 21, 2016 | By Harold Brubaker, STAFF WRITER
Joseph Neubauer will receive WHYY's Lifelong Learning Award at the organization's 15th annual President's Dinner on May 3, WHYY said Tuesday. Neubauer retired in February 2015 as chairman of Aramark Corp., the Philadelphia food-service company he led for 30 years. Neubauer, whose Neubauer Family Foundation is a major supporter of causes in the Philadelphia region, remains Aramark's third-largest shareholder, with 5.34 percent of the shares outstanding. hbrubaker@phillynews.com 215-854-4651 @InqBrubaker  
BUSINESS
April 9, 2016 | By Jacob Adelman, Staff Writer
Aramark has decided to keep its global headquarters in Philadelphia, ending speculation that the food- and facilities-services giant may decamp to another city with its jobs and prestige. The company is not yet sure whether it will remain at its namesake headquarters tower at 1101 Market St. or move to another building, but it has concluded that Philadelphia's business costs, talent supply, transportation links, and other advantages will keep it in town, communications chief Tod MacKenzie said in an interview ahead of Thursday's announcement.
BUSINESS
March 3, 2016 | By Harold Brubaker, STAFF WRITER
Aramark's 15-year contract to provide lodging, food and beverage, retail, recreational and transportation services at Yosemite National Park, which was the nation's fourth most-visited park last year, started Tuesday. When the National Park Service awarded the contract to Aramark last summer, the agency said Yosemite was the largest concession contract in the National Park system. Aramark officials said last month that they expected the Yosemite contract to bring in $120 million to $130 million a year.
BUSINESS
December 4, 2015 | By Harold Brubaker, Inquirer Staff Writer
Aramark shares closed Wednesday at their highest level since the firm went public two years ago. Shares of the Philadelphia food-service provider gained 2.95 percent, or 98 cents, to close at $33.86, one day after Aramark impressed analysts with increased projections of higher profit margins over the next three years. At its first-ever investor day, Aramark officials explained how they would reduce $3 billion in annual food costs and $6 billion in labor costs to boost the company's profit margin to 7.2 percent from 6.2 percent.
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