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.
Well-established and well-respected. Award-winning cocktails and menu. Loyal customer base. Fully renovated and large premises. 5-Star hygiene rating. The business boasts a loyal customer base and minimal competition in the area due to its unique sty...
LEASEHOLD
Outstanding location next to major transport route into Cleethorpes via A18 with 2 large car parks (approx. 20 car in total). Strong local market share located in an affluent/desirable location. Freehold tenure with contemporary 2-bedroom apartment a...
FREEHOLD
Wide range of plants and growing equipment. Excellent financial profile. Minimal local competition. Sizeable, well-equipped premises. Strong relations with key suppliers. This is an exciting opportunity to purchase a well-established independent gard...
FREEHOLD
|
03
|
|
Jun
|
28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE
28 Oddbins stores will remain open after the off-licence ret...
|
02
|
|
Jun
|
Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY
Tile retailer Topps Tiles has agreed the £18.1 million...
|
01
|
|
Jun
|
Aldo UK falls into administration | ADMINISTRATION
Footwear retailer Aldo UK has entered into administration du...
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