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Whitbread axes branded restaurants and puts 3,800 jobs at risk in 1.5bn Premier Inn shake-up

Whitbread is closing its branded restaurants and selling hotel freeholds, risking 3,800 jobs amid rising costs and investor pressure.

Whitbread is exiting its branded restaurant operations to focus on its hotel business, risking 3,800 jobs in the process.

Whitbread will cut 3,800 jobs and close Beefeater and Brewers Fayre restaurants as part of a new business strategy amid financial pressures.

Profits at Whitbread declined due to rising costs and lower UK bookings; however, shares increased on announced share buybacks and hotel expansions.

UK news

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