Merlin Entertainments Names Aramark As Food And Beverage Partner

Aramark ARMK has been named a food and beverage partner by England-based Merlin Entertainments. The financial terms were not disclosed.
The multi-year contract will be executed in five of Merlin’s locations in the U.K. and two in the U.S.
Aramark will be introducing food and beverage programs coupled with technology solutions to make it easy and convenient for visitors across the seven locations to navigate the varied choices.
Food and beverage operations at the respective attractions will begin to operate under Aramark from March 2022 in the U.K., with the transfer expected to complete by March-end 2023 in the U.S.
Price Action: ARMK shares closed higher by 1.67% at $33.50 on Friday.