The Guardian Australia – Business
·business
·1 hour ago
Whitbread closes all Beefeater and Brewers Fayre restaurants, cuts 3,800 jobs
Whitbread is closing all remaining Beefeater and Brewers Fayre restaurants, cutting 3,800 UK and Ireland jobs as it refocuses on its Premier Inn hotel business. The company will convert 197 restaurants into hotel rooms and sell-leaseback £1.5 billion in freehold properties. Higher taxes and costs prompted the strategic reset under pressure from activist investor Corvex.
Summary by Glance · The Guardian Australia – Business
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