Tag Archives: whitbread demerger

Slicing Up Whitbread- Costa Coffee Demerger Targeted For 2020

That was quick. Whitbread’s (WTBCF) CEO Allison Brittain caved to activist pressure in seemingly record time, announcing the spinoff of Costa Coffee less than two weeks after Elliott Advisors unveiled a ~6% stake in the company. Of course, Whitbread doesn’t believe it caved and in the press release announcing the demerger (British for spinoff), the company notes that… Read More »

Elliott Advisors Has A New Target In Whitbread, Urges Spinoff Of Costa Coffee

A storm began brewing last winter for Whitbread plc (WTBCF) and its CEO Alison Brittain. Activist investor Sachem Head took a 3.4% stake in the company and began pushing for a breakup of the company. With Paul Singer’s Elliott Advisors becoming the company’s largest shareholder, it’s probably safe to upgrade that storm to hurricane status, category 5. I’m… Read More »