Premier Inn Owner on Activist Challenge: ‘We Are Open-Minded’
Photo Credit: Premier Inn London St Pancras room. Whitbread
Skift Take
Premier Inn's owner said it's considering a strategy shift in response to criticisms by activist investor Corvex. But it may not reveal any changes until its next financial update in April.
Whitbread said Tuesday it’s open to strategic changes, responding to an activist investor's challenge to its strategic plan just weeks after the U.S. hedge fund Corvex disclosed a 6% stake and called for a shakeup.
"We are open-minded," said CEO Dominic Paul during an earnings call. "We will review all options. And we'll come back to the market with an update on that at our full-year results at the end of April."
The Premier Inn owner is under scrutiny after Corvex called for a review of the company’s 5-year, £3.5 billi
