Whitbread bows to activist pressure and prepares to sell off part of its estate

Whitbread bows to activist pressure and prepares to sell off part of its estate

With its latest financial year — closed in February — envisaging a revenue decline and a sharp fall in profits, the British group is moving to sell a portion of its hotel estate under pressure from Corvex Management, a fund that has acquired a 6% stake in the company…
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