Nordic Service Partners Explained

Nordic Service Partners Holding AB
Industry:Fast food restaurants
Founded:2004
Hq Location City:Bromma
Hq Location Country:Sweden
Area Served:Sweden and Denmark
Parent:Etib Holding
Website:nordicservicepartners.se

Nordic Service Partners (NSP) is the largest franchisee of Burger King in the Nordic countries as well as being a franchisee of KFC in Sweden and TGI Fridays in Denmark. The company is today one of Sweden's largest restaurant companies specialising in fast food restaurants.[1]

History

In 2004 NSP started operations with the purchase of 21 Burger King restaurants in Sweden from Burger King Corporation. In 2006 the company bought a chain of 7 Burger King restaurants from Cresco Food in Denmark and in the following year purchased 9 restaurants from Euroburger in southern Sweden.[2] After further acquisitions and new-openings, the company operated over 60 Burger King restaurants in 2015.[3]

NSP's Burger King restaurant on Gustav Adolfs torg in Malmö opened in 1976 as the first "BK" in Sweden and the Nordic countries.[4] The company also runs Denmark's first BK which opened in 1977 on Vesterbrogade in Copenhagen, as the country's first American-style fast food restaurant.[5]

Until 2014 NSP owned the Taco Bar brand with its 20 franchised Tex-Mex outlets in Sweden.[6]

On 20 July 2016, NSP was de-listed on the Nasdaq Stockholm stock exchange, and became a fully-owned subsidiary of Etib Holding II AB.[7]

KFC in Sweden

In 2014 NSP signed an agreement with Yum! Brands to launch KFC in Sweden. NSP's managing director Morgan Jallinder said: "As competition in the hamburger industry intensifies, we want to broaden operations and utilise our operational strength in other areas as well."[8] [9]

The first KFC restaurant in Sweden opened in Lockarp near Malmö in 2015.[10] As of 2024 there were 19 restaurants in Sweden.[11]

NSP in Denmark

In 2014 the Danish press reported that NSP had been fined 50000 Danish Kroner for breaking working time regulations for foreign students. "We didn't know about the rule with the weekly time limit" said the company's Danish director Peter Nielsen.[12]

NSP opened its first branch of TGI Fridays in Copenhagen, Denmark, in July 2015. The company invested 30 million kroner renovating the venue on Højbro Plads in the centre of Copenhagen.[13]

In 2017 the Danish subsidiary of NSP made a loss of 6.7 million kroner, the fifth successive year of losses, which it blamed on the effects of construction work for the Copenhagen Metro.[14]

External links

Official website (in Swedish)

Notes and References

  1. https://www.hannessnellman.com/news-views/references/hannes-snellman-counsel-to-etib-holding-in-the-public-offer-to-shareholders-of-nsp-burger-king-kfc-tgi-friday-s/ Hannessnellman.com
  2. https://news.cision.com/se/nordic-service-partners/r/nsp--nsp-koper-euroburger---omsattningen-okar-100-mkr,c284004 News.cision.com. NSP köper Euroburger – omsättningen ökar 100 Mkr. (in Swedish)
  3. https://www.nordicservicepartners.se/om-nsp/historik/ Nordicservicepartners.se. Historik. (in Swedish)
  4. https://news.cision.com/se/burger-king/r/burger-king-firar-35-ar-pa-gustav-adolfs-torg-i-malmo-och-bjuder-alla-35-aringar-pa-gratis-whopper,c9149940 News.cision.com. Burger King firar 35 år på Gustav Adolfs torg i Malmö. (in Swedish)
  5. https://politiken.dk/pol_oplys/art4751061/Hvorn%C3%A5r-%C3%A5bnede-den-f%C3%B8rste-Burger-King-i-Danmark Politiken. Hvornår åbnede den første Burger King i Danmark?. (in Danish)
  6. https://www.nordicservicepartners.se/media/1037/nsp-a-rsredovisning-2014.pdf Nordicservicepartners.se. ÅRSREDOVISNING 2014. (in Swedish)
  7. https://news.cision.com/se/nordic-service-partners-holding-ab/r/nsp-aktien-avnoteras,c2040871 News.cision.com. NSP-aktien avnoteras. (in Swedish)
  8. https://www.globenewswire.com/news-release/2014/02/05/607402/0/sv/KFC-KENTUCKY-FRIED-CHICKEN-LANSERAS-I-SVERIGE-AV-NORDIC-SERVICE-PARTNERS-HOLDING-AB.html Globalnewswire.com. KFC (KENTUCKY FRIED CHICKEN) LANSERAS I SVERIGE AV NORDIC SERVICE PARTNERS HOLDING AB. (in Swedish)
  9. https://www.thelocal.se/20140205/kfc-to-bring-finger-lickin-good-chicken-to-sweden The Local. KFC's 'finger-lickin'-good' chicken heads to Sweden.
  10. https://www.sydsvenskan.se/2015-02-19/kfc-oppnar-forst-i-malmo-men-inte-pa-stortorget Sydsvenskan. KFC öppnar först i Malmö – men inte på Stortorget. (in Swedish)
  11. https://www.kfc.nu/vaara-restauranger/ KFC Sweden. Hitta oss. (in Swedish)
  12. https://nyheder.tv2.dk/samfund/2014-06-24-fastfood-kaeder-brugte-ulovlig-arbejdskraft Fastfood-kæder brugte ulovlig arbejdskraft. (in Danish)
  13. https://www.thelocal.dk/20150728/tgi-fridays-kicks-open-its-doors-in-copenhagen The Local. TGI Fridays kicks open its doors in Copenhagen.
  14. https://finans.dk/erhverv/ECE10637035/fastfoodgigant-taber-millioner-skyder-skylden-paa-metrobyggeri/?ctxref=ext Finans.dk. Fastfood-gigant taber millioner - skyder skylden på metrobyggeri. (in Danish)