CRUX's Penny buys into Whitbread despite firm's UK-wide shut down
Checks in despite coronavirus closures
Richard Penny: ""In the long-term we see this as an opportunity to buy some great growth companies at distressed prices."
Richard Penny has taken a stake in budget hotel, pub and restaurant operator Whitbread despite the current coronavirus lockdown that will see the firm’s venues closed for several weeks.
Penny, the manager of the CRUX UK Special Situations fund, said he had previously owned Whitbread and knew it well. He added that the UK-wide shut down would lead to a reduction in revenue and profits...
More on Equities
Back to Top
