Airest SpA is a food & beverage services company headquartered in Vienna, Austria. The company operated with more than 200 F&B outlets in 11 countries around the world. SAVE and Lagardere Services each own a 50% stake in the F&B operator.
Under a de-merger settlement between the two shareholders, a reorganisation of Airest SpA services will take place, with Lagardere integrating the majority of Airest SpA's portfolio, excluding concessions in Venice and Treviso airports, into Lagardère Food Services Srl. Airest will continue to operate outlets in Venice and Treviso under a new brand, while Lagardère transfers the remaining concessions into a newly incorporated joint stock company with SAVE, Newco. The reorganisation programme is expected to be complete by the end of 2016.
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