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Full List of Beefeaters and Brewers Fayre Restaurants Closing
Whitbread said consultations will start immediately as it plans to convert many restaurants into hotel rooms and redeploy some affected staff.
- Whitbread announced plans to close all remaining Beefeater and Brewers Fayre restaurants, shifting to a pure-play hotel business model across the United Kingdom and Ireland.
- Chief executive Dominic Paul cited "significant cost increases in the form of business rates and National Insurance" as drivers for the Five-Year Plan to maximize value creation.
- The company will replace restaurants with an "integrated food and drink model" preferred by Premier Inn guests, converting several sites into approximately 600 additional hotel rooms.
- Whitbread targets £250 million in cost savings and plans to sell or lease back up to £1.5 billion in freehold properties to "recycle" these funds for future growth.
- About 3,800 roles are at risk across the UK and Ireland, though the company expects to retain a "significant proportion" of staff through redeployment as consultations begin immediately.
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Total News Sources14
Leaning Left1Leaning Right0Center11Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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