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Whitbread Sets Sights on Coffeeheaven

Whitbread Sets Sights on Coffeeheaven

LEISURE group Whitbread confirmed a potential expansion to its coffee empire as it revealed takeover talks with central European chain Coffeeheaven International. Whitbread, which owns the Costa Coffee business, said it was in "advanced discussions" over a possible cash offer. The firm said its bid would be worth 24p per Coffeeheaven share - valuing the company at pounds 32m. Costa currently has a handful of stores in Poland but these are run on a franchise basis. Whitbread also owns Premier Inn budget hotels and a pubs restaurant division. It has continued to expand its coffee chain through the recession. It added 100 new Costa shops in the six months to August 27 this year - bringing the total to nearly 1,000 in the UK and more than 400 overseas. [...more]

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Thursday, November 23, 11:24 am

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