Corvex’s 6.1% stake in Whitbread sparks calls for strategic overhaul
Activist investor Corvex Management has bought a 6.1% stake in Whitbread, the company behind Premier Inn. The hedge fund announced its move on 18 December 2025, pushing for changes to boost shareholder value. Whitbread’s shares climbed over 6% on the news, though they remain nearly 14% lower this year.
Corvex is calling for an independent review of Whitbread’s spending and strategy. The fund argues there is a ‘valuation disconnect’ between the company’s share price and its assets. It also wants Whitbread to reconsider its £3.5bn five-year investment plan, citing higher business rates as a concern.
Whitbread’s shares rose after Corvex’s announcement, though they have struggled this year. The company now faces pressure to adjust its investment plans and governance. Any changes could affect its long-term growth and shareholder payouts.