The move will mean Elior now has total control over premium catering and hospitality run by Azure at a number of the UK`s sports venues, including Glasgow Rangers FC, Nottingham Forest, Kempton Racecourse and Durham County Cricket Club.
Elior, which also supplies catering for a number of business and operates food outlets at airports and railway stations, including the Paul restaurant brand, first bought a majority shareholding in the business from Charlotte Ventures in 2004.
Catherine Roe, Managing Director of Concessions for Elior UK, said “This strategically important move will primarily allow Azure to better leverage the significant backing that Elior offers as a top five catering company, whilst retained its focus as a sector specialist."
Adam Elliott, Divisional Director for Concessions added:“We have a long and established heritage in sports and leisure sector and some high profile clients. We believe that this move will not only benefit the company in access to investment and expertise, but will provide us with the complete independence to broaden our offer and focus on growth.”