"Whitbread confirmed plans to convert all 197 of its remaining branded restaurants into hotel-based food-and-drink services as part of a wider reset of its five-year strategy."
"The restructuring was designed to improve profitability and simplify operations amid sustained cost pressures, including higher property taxes and weaker consumer demand across the hospitality sector."
"The company expects the changes to reduce adjusted pre-tax profits by around £10 million in the current financial year, with most site conversions scheduled for the second half of the 2027 financial year."
Whitbread plans to exit its remaining branded restaurant operations, affecting approximately 3,800 jobs in the UK and Ireland. The company will convert all 197 branded restaurants into hotel-based food-and-drink services as part of a five-year strategy reset. This shift aims to improve profitability and simplify operations amid rising costs and weaker consumer demand. The restructuring is expected to reduce adjusted pre-tax profits by around £10 million in the current financial year, with significant site conversions planned for the second half of the 2027 financial year.
Read at London Business News | Londonlovesbusiness.com
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