Whitbread boss gives up £729k bonus after Premier Inn owner faces furlough criticism April 11, 2022 The outgoing chief of Premier Inn has relinquished a £729,000 bonus after a row over furlough cash. The Times reported that Whitbread’s chief executive Alison Brittain gave up the deferred bonus after the FTSE 100 firm was criticised for taking £370m in furlough cash and rates relief which it has not repaid. Brittain, the chief [...]
Whitbread searching for new CEO as Alison Brittain plans to step aside April 3, 2022 The hospitality powerhouse behind Premier Inn is hunting for a chief executive to replace Alison Brittain. Brittain is readying to step aside from her role heading Whitbread, following seven years in the top job, according to The Sunday Times. Headhunters at Spencer Stuart have been hired by Whitbread to find a suitable replacement for Brittain. [...]
Premier Inn owner Whitbread gets serious Omicron beating over Christmas as new investments are postponed January 12, 2022 Premier Inn owner Whitbread has revealed a knock to demand over the festive season from the spread of the Omicron variant and cautioned over rising costs. The group saw total UK sales drop 4.4 per cent year-on-year in the six weeks to January 6, dragged lower by a 17.2 per cent slump in food and [...]
Premier Inn owner Whitbread’s shares soar as business travel demand returns June 17, 2021 Premier Inn owner Whitbread confident in ‘post-lockdown bounce’ despite sales hit
Whitbread – at the end of the day, someone has to pay December 24, 2020 Whitbread, the owner of popular hospitality chains Premier Inn, Beefeater and Brewers Fayre, has written to the landlords of its properties asking for a rent reduction of 50% for the next three months, to “share some of the pain” of the ongoing pandemic and the restrictions on hospitality. It seems, prima facie, a reasonable request. [...]
Premier Inn owner Whitbread asks landlords for 50 per cent rent cut December 23, 2020 Premier Inn owner Whitbread has asked its landlords for a rent cut of 50 per cent, as the ongoing coronavirus pandemic restrictions continue to affect trade. Whitbread sent a letter to its landlords, urging them to “share some of the pain of lockdown,” according to reports. Whitbread, which also owns Beefeater and Brewers Fayre brands, [...]
Premier Inn owner Whitbread swings to huge loss due to hotel closures October 27, 2020 Premier Inn owner Whitbread (LON:WTB) swung to a huge loss in the first half of the year as revenue plummeted while its hotels were closed during coronavirus lockdowns. The figures In the six months ended 27 August, Whitbread posted a loss for the period of £660.5m, a drop of 483.6 per cent from £172.2m profit [...]
Coronavirus: Premier Inn owner Whitbread to axe up to 6,000 jobs September 22, 2020 The owner of hotel chain Premier Inn has announced plans to cut up to 6,000 jobs as the coronavirus outbreak continues to ravage the hospitality industry. Whitbread, which also owns the Beefeater and Brewers Fayre restaurant chains, said the figure represents 18 per cent of its total workforce. The FTSE 100-listed firm said the cuts [...]
Premier Inn owner Whitbread sees tourist demand as hotels reopen July 7, 2020 Premier Inn owner Whitbread this morning reported good demand for bookings in traditional tourism destinations as it revealed that sales dropped 79.4 per cent in the first quarter of the year. Whitbread said it has reopened more than 270 UK hotels and is preparing to open the majority of its estate by the end of [...]
Premier Inn owner Whitbread taps investors for £1bn May 21, 2020 Premier Inn owner Whitbread will tap investors for £1bn to help it weather the coronavirus crisis while its hotels and restaurants are closed. Whitbread, which also owns Beefeater and pub chain Brewers Fayre, said the rights issue would help strengthen its balance sheet as the firm expects £80m of cash outflows a month while its [...]