News yesterday detailed an apparent buyout bid by French insurance company AXA, and the Chinese conglomerate Fosun International to control resort chain Club Med. According to reports the major shareholders offered something on the order of $719 million have been confirmed and supported by the Club Med management team.
travel companies
Acromas Holidays Shuts Doors of Tailor Made Travel
Tailor Made Travel, a division of Acromas Holidays, has officially closed up shop and will take no more bookings.
TUI Profits Down – But Europe’s Biggest Tour Company’s Spirit is UP
Europe’s leading tour operation, TUI Travel, has just announced their first half of 2013 sales figures. According to TUI losses of some £346 million were actually less than some expected. The company pointed to strong markets in the UK and in Scandinavian countries as having relieved a unprofitable Winter.
Amazing Greece and Travelers There Too
The other day I decided to use a favorite PR and publishing tool of ours, Help A Reporter Out (HARO) to gets some faves in Greece for our readers. As it turns out, even despite Greece’s economic woes, the love tourists feel for that place is stronger than ever. How can I know without a PhoCusWright study? The fastest and most enthusiastic HARO responses ever, that’s how.
Thomas Cook Sells Off North America Operations for Peanuts
Thomas Cook Group PLC has announced selling their North American operations to Canada firm Red Label Vacations Inc. According to the news, the deal was worth only $5.2 million from the firm that operates travel website www.redtag.ca.
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