Sodexo to spin-off Benefits & Rewards Services business

The logo of French food services and facilities management group Sodexo is seen at the company headquarters in Issy-les-Moulineaux near Paris, France, November 30, 2018. REUTERS/Gonzalo Fuentesplans to spin-off and list its Benefits & Rewards Services business during 2024, it said on Wednesday.

Sodexo, which last May scrapped a plan to sell a minority stake in BRS, said it now intends to spin off and list BRS by distributing shares in the business to Sodexo shareholders. The business, which delivers vouchers and benefit cards to businesses for employees, reported a core profit of 162 million euros in the first half of 2023, 46.4% up from a year ago excluding currency impacts.

💳 ~ 🌯 .. Does Sosexo® still exist?! ..😮 ..Benefits and Rewards?! ..🤣 ..The last time I used a Sodexo card💳 it was to buy a burrito 😋 around the corner ..😒

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