Like-for-like sales at hotel chain nearly ground to a halt in six months to 30 AugustPremier Inn’s owner,Whitbread, is planning a major push into the German hotels market after the sale of its Costa Coffee business to Coca-Cola.
Alison Brittain, or Whitbread’s chief executive,said the company would plough some of the proceeds from the agreed 3.9bn sale into expanding its hotels business but a “meaningful proportion” of the money would be returned to shareholders. Continue reading...
Source: theguardian.com