Last Beefeater and Brewers Fayre restaurants to close, with loss of 3,800 jobs, Premier Inn owner says
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Whitbread, the owner of Premier Inn, has announced the closure of its remaining Beefeater and Brewers Fayre restaurants, resulting in approximately 3,800 job losses in the UK and Ireland. This decision is part of a strategic reset influenced by rising costs and taxes, as well as pressure from a US activist investor. The closures will impact around 12% of Whitbread's workforce in the region, with consultations for affected employees starting immediately.
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Whitbread's decision comes at a time when many businesses in the hospitality industry are grappling with increased costs and changing consumer behaviors. The company has been under pressure from investors to streamline operations and improve profitability, leading to this strategic overhaul.
This article reflects the situation as of the publication date and may be subject to change.
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