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Whitbread to close Beefeater restaurants, fund £40m shift to hotels

Whitbread logoWhitbread
Sig3.30Sen-2.70Env0.00Soc-1.40Gov0.00

Whitbread plans to spend £40 million closing its Beefeater restaurants as it pivots to growing its hotel business. The company booked a £40 million FY27 transition cost and expects adjusted pretax profit to fall by £40 million. Loyalty points end and vouchers stop after Aug 31. It forecasts hotel returns by FY31 while flagging execution risks, including redundancy costs.

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