Sun, 22 Apr 2018 | BUSINESS SALE
Whitbread bosses are believed to be contemplating hiving off the Costa Coffee chain in what would essentially represent a break-up of the FTSE 100 quoted business.
According to our city sources, this follows pressure from its biggest shareholder, Elliot Advisers. The shareholder activist group has just announced it now holds a 6 per cent stake in the UK’s largest hospitality company.
The idea that Whitbread should sell off the Costa Coffee, which has over 2400 outlets, has been mooted by investors and analysts for over a year. The simple reason given is that a split business would result in a combined value of around £10 billion, a big increase on the present market cap of £7.2 billion.
However pressure to seriously consider hiving off Costa Coffee really began once hedge fund Sachem Head divulged taking a 3.4 per cent stake in Whitbread a few months back. It signalled its desire for a break-up in December 2017 to the Whitbread management team, led by chief executive Alison Brittain. Whitbread would be left with its Premier Inn brand, with over 750 hotels in the United Kingdom, and the Brewers Fayre and Beefeater restaurant chains.
.
Whitbread was originally founded as a brewery 276 years ago by Samuel Whitbread and Godfrey and Thomas Shewell. Its pubs, hotels and coffee shops now record annual revenues in excess of £3 billion with over 50,000 employees.
This is a brilliant opportunity to take on a traditional British pub serving an array of food and drinks, situated in the idyllic Somerset countryside. Its 4 years under present ownership has seen the pub achieve notable success, with a strong financ...
LEASEHOLD
The Company has a long-standing heritage and was one of the first water sports companies to launch in the UK. Now the Company has established itself as a well-known, high-quality brand supplying a range of products in the sector. All products are des...
LEASEHOLD
Multiple award-winning business. Solid range of quality cask ales, bitters, beers, porters and stouts. Strong branding which has local meaning but would have national appeal. Portfolio of distinctive pubs in key locations. Profitable track record, ag...
|
22
|
|
Jan
|
Chelmsford warehouse management firm bought by software provider | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Min...
|
21
|
|
Jan
|
MBO at Newcastle market research company | MBO/MBI
Newcastle-based market research company Explain Market Resea...
|
20
|
|
Jan
|
Target Healthcare embarks on acquisition spree | BUSINESS SALE
Target Healthcare has completed the acquisitions of a develo...
Sign up to receive our acquisition alert emails to get your FREE guide
|
12
|
|
Oct
|
Shopping centre in Northern Ireland for sale at £18m | BUSINESS SALE
Bow Street Mall in Lisburn, one of Northern Ireland's b...
|
13
|
|
Jul
|
Pub group looking to sell its commercial property division | DIVISION SALE
Ei Group, the UK’s largest pub company, is looking to ...
|
02
|
|
May
|
Premier Inn snaps up Leeds building in expansion plans | COMMERCIAL PROPERTY
Premier Inn has snapped up a building in Leeds, transforming...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources