Whitbread Has No Plans to Spin Off Costa, CEO Harrison Says

Whitbread Plc (WTB) Chief Executive Officer Andy Harrison said the company has no plans to spin off its Costa coffee chain and the focus is on growing the business.

“We are 100 percent focused on growing Costa,” Harrison said in a conference call with reporters today. “There are no plans to spin it out.” Harrison also said the U.K. hotel market remains “challenging” and he envisages the economy being little changed for the next year.

To contact the reporter on this story: Colm Heatley in Belfast at cheatley@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net

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