ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, …
Read More »Whitbread to unleash Costa chain as separate firm to take on Starbucks
Bloomberg Whitbread Plc is betting that its faster-growing Costa Coffee chain will compete more effectively against the likes of Starbucks Corp. once separated from the company’s hotel business. Costa will be spun off from Premier Inn within 24 months, the Dunstable, England-based company said. The planned split follows mounting pressure from activist investors who said the two businesses sit uneasily …
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