Get the latest hospitality news and inspiration straight to your inbox. Subscribe to our newsletter.

Whitbread boss expected to make announcement on company split this week

Written by:
Written by:
Whitbread boss expected to make announcement on company split this week

Whitbread chief executive Alison Brittain (pictured) is expected to set out her position regarding the dividing of the company’s hotel and coffee shop arms when its annual results are released on Wednesday.

Hedge fund Elliott Advisors was reported to be demanding that Whitbread spin off its Costa coffee chain from its Premier Inn business.

The Sunday Times reported that Brittain was not “philosophically opposed” to the split, with an announcement expected this week.

Elliott Advisors have built up a stake of more than 6% in the company.

Whitbread’s chief executive had previously indicated she was “open minded” to changes in the company’s structure.

Elliott is said to believe the split could create as much as £3b in value.

Top 100: Alison Brittain, Whitbread >>

Whitbread granted planning permission for 180-bedroom hotel>>

MPs condemn Whitbread’s withdrawal from Ethical Trade Initiative>>

 

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!). Subscribe today and save 51%

Start the discussion

Sign in to comment or register new account

Start the working day with

The Caterer’s free breakfast briefing email

Sign up now for:

  • The latest exclusives from across the industry
  • Innovations, new openings, business news and practical advice
  • The latest product innovations and supplier offers
Sign up for free