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Aramark

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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
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.
BUSINESS
March 6, 2010 | By Harold Brubaker INQUIRER STAFF WRITER
Saying it is owed $7.3 million, Aramark Corp., the Philadelphia food-services provider, has sued a New Jersey operator of correctional facilities. In the suit, Aramark contends Community Education Centers Inc., of West Caldwell, N.J., has been in default on bills since at least June 2008. Locally, Aramark services Community Education Centers facilities in Philadelphia, Delaware County, Reading, and Trenton. Aramark's lawsuit, filed Feb. 18 in U.S. District Court in Philadelphia, said Community Education Centers was overdue on $5.2 million of the total, and it requested that a judgment, including interest, costs, and attorney's fees, be entered in its favor.
BUSINESS
May 23, 2012 | Harold Brubaker
La Salle University hired Aramark Corp. to run its dining services. Under the contract with Aramark, all of La Salle's current full-time food services employees will maintain their La Salle years of service and their eligibility for tuition remission, and have a comparable health-insurance plan, said Jon Caroulis, a spokesman for the Philadelphia university. The La Salle operation employs 100 full time and 60 part time, he said. Aramark's higher education division manages food services for more than 600 colleges and universities in North America, according to the company.
BUSINESS
June 9, 2002 | By Bob Fernandez INQUIRER STAFF WRITER
The outside directors in Aramark Corp., which include a former governor of New Jersey and a corporate governance professor, have made millions of dollars through investment gains at the food-concessions company. One expert called the directors' financial gains "extraordinarily high" and noted that, ironically, the issue at many companies is how directors are underpaid. But Aramark said the directors' investment gains were appropriate and would lead to keen corporate oversight by the directors who have large personal stakes in company stock.
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ARTICLES BY DATE
BUSINESS
May 6, 2014
Ellen Bailey , a partner in the Philadelphia office of law firm Eckert Seamans Cherin & Mellott L.L.C., has been appointed to the board of directors of the Richard Stockton College Foundation . Moore College of Art and Design has elected Meg Johnson and Janie Gross to its board of trustees. Johnson is a former advertising and communications writer; Gross is an artist, author, designer and photographer. Lourdes Health System , Camden, has appointed Kathleen Stone to its Health Foundation Board.
BUSINESS
April 7, 2014 | By David Sell, Inquirer Staff Writer
Change is good (sometimes). Change is inevitable. Change comes to Philly50. The first quarter of 2014 is history, so it's time to review changes or possible changes to the only list that matters. Three Philadelphia-area companies with high market capitalizations that were on the list Jan. 5, the first Sunday of 2014, were gone from the list on Sunday, March 30. Three companies took their place. One company on the list for several years might soon exit. The Philly50 committee will meet soon at an undisclosed location to mull the issues.
FOOD
March 28, 2014 | By Michael Klein, For The Inquirer
Food lineup at the ballpark   They say 2014 will be a rebuilding year for the Phillies. Same for Aramark, which handles the food at Citizens Bank Park. For its 11th season at the ballpark, Aramark rebuilt many kitchens. The new equipment will allow for new food options and perhaps add speed. At least part of the new lineup will be served Thursday. And it's smokin'. Kevin Tedesco, Aramark's general manager, and Jeremy Campbell, its director of concessions, seem pumped about the pastrami that's brined and smoked in-house, as well as the house-braised and -smoked brisket.
NEWS
February 13, 2014
J IM WASSERSON, 55, of Washington Crossing, Bucks County, is CEO and president of Clean Rental, on American Street near Cayuga in Feltonville. Founded by Wasserson's grandfather in 1918, it originally supplied coveralls to factory workers. Today it's a leading independent uniform- rental company, with more than 100,000 of its uniforms worn daily. Q: What's the biz do? A: We clean and rent uniforms for almost every industry. Our trucks pick up and deliver once a week. We deliver clean uniforms and bring back soiled uniforms and clean them.
BUSINESS
February 7, 2014 | By Harold Brubaker, Inquirer Staff Writer
Aramark Holdings Corp. spent $5.2 million refining its brand and logo, and awarded $4.3 million to executives for the completion of the Philadelphia company's initial public offering in December. Those are two concrete tidbits from Aramark's quarterly earnings, released Wednesday, its first since the food- and uniform-services company listed its stock publicly for the third time. In early trading Wednesday, Aramark's shares shot as high as $29.71 from $24.99 the day before, but they settled down to close at $26.10, up $1.11 or 4.44 percent.
BUSINESS
January 13, 2014 | By Reid Kanaley, Inquirer Staff Writer
Dramatic market moves and a wave of initial stock offerings bring three new company names to the Philly50 for 2014, while three others have been edged off the list. Rising stock prices put all 50 companies on the list above $1 billion in market capitalization - at least for now. The newcomers are: Aramark Holdings Corp. , which introduced its ticker symbol, ARMK, to the New York Stock Exchange in December, when the company went public for the third time since its founding in Philadelphia in 1959.
NEWS
December 14, 2013 | By Harold Brubaker, Inquirer Staff Writer
NEW YORK - When Eric J. Foss, Aramark's chief executive, huddled for about 20 minutes Thursday morning with traders on the floor of the New York Stock Exchange waiting for the first trade of the Philadelphia company's new shares, that may well have been the longest break he's had in the last week and a half. Foss and other Aramark executives have been to nine cities in the last eight days, meeting with more than 200 institutional investors to drum up interest in Aramark, which was going public for the third time.
BUSINESS
December 9, 2013 | By Chris Hepp, Inquirer Staff Writer
Let the road show begin. Aramark, one of the world's leading purveyors of hot dogs and hospital gowns (among many other things), last week began pitching itself to potential investors. The Philadelphia company has undertaken its third IPO with a goal of raising at least $561 million after expenses to go toward paying off portions of its $5.8 billion debt. The first step in the sale is the so-called road show, in which company representatives make presentations to analysts, fund managers, and potential investors in hopes of boosting interest.
BUSINESS
September 11, 2013 | By Harold Brubaker, Inquirer Staff Writer
As had been expected since late July, Aramark, the Philadelphia food-service giant, filed Monday with the Securities and Exchange Commission for its third public offering of stock. The filing, called an S-1, lacked details, such as how many shares the company will sell and at what price, but said the company would use the proceeds to repay some of its $6.2 billion in debt. Analysts have estimated that Aramark, owned by a group of private equity firms and management, could be worth as much as $12 billion on the stock market.
NEWS
August 25, 2013
TO BECOME A journalist, I had to unlearn good manners. Mom always taught me that you didn't ask people their age, money, religion or politics, in that order. That's rude, she said. She may have been right for dinner parties, but this job often requires asking rude questions. Or making rude suggestions. I am reluctant to tell other people how to spend their own hard-earned money, but I will do it because some readers asked, after my Aug. 19 column that basically decried Philadelphia's lack of leaders, where they will come from.
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