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Earnings Analysis: 
Whitebread to Merge Units, Slower Sales
Author: 123jump.com Staff
123jump.com
Last Update: 12:10 AM EST March 01 2008



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The U.K hotel and restaurant group said it planned to merger it hotel, restaurants and pubs division and save £25 million per year in 2009 and 2010. The merger would be done at a cost of £35 million and has mainly been driven by weaker sales growth within the restaurants and pubs units. In the 50 weeks to February 14, Whitbread said like-for-like sales slowed to 5.7% and total sales gained 11.3%.

 

 

 

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