Whitbread seeks rent cut

Premier Inn

Whitbread has asked its landlords for a 50% rent cut for the next three months, citing "significant" net cash outflow in the past six months.

The company owns 60% of its estate, with 40% being under leases.

Whitbread said: “Since the start of the Covid-19 pandemic, Whitbread has taken decisive action to ensure that our cost base reflects the low levels of demand, with the support of a wide range of stakeholders including shareholders, lenders, colleagues and suppliers. The actions we have ta

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