Retail in Asia

In Sectors

UK’s Whitbread buys out Indian JV partner

Whitbread Plc, Britain’s biggest hotel and coffee shop operator and owner of the Premiere Inn chain, announced in a statement on Saturday that it has bought out its Indian joint venture partner Emaar MGF. "Whitbread Plc confirms that Premier Inn has completed the acquisition of the 50.1 percent stake it did not own in the JV with real estate developer Emaar MGF," the statement said.