Cox & Kings sells Explore Worldwide Limited to Hotelplan UK Group
The Cox & Kings Group (“Cox & Kings” or “the Group”) has – through its Holidaybreak plc subsidiary – sold 100% of the issued and outstanding shares of Explore Worldwide Limited for GBP 25.8 million to Hotelplan UK Group.
Explore Worldwide Limited (which includes the brands Explore – soft adventure tours – and RegalDive – diving adventure specialist) generated net revenues of GBP 11.2 million and EBITDA of GBP 2.3 million in FY15 ended March.
Peter Kerkar, Director, Cox & Kings, said, “The sale of this business helps us to further increase focus on our three key verticals- Leisure, Education and hybrid hotels (Meininger)”.
You might also like
Pradeep Singh Kharola appointed as Air India CMD
Senior IAS officer Pradeep Singh Kharola has been appointed as the Chairman and Managing Director (CMD) of Air India, official sources said on Tuesday. Kharola, a Karnataka cadre officer, would
Celebrate Jamaican New Years’ in Caribbean!
There is something special for everyone as we ring-in the festive season in Jamaica, this December. For this last month of the year, Jamaica celebrates its people and Jamaican traditions
Foreign tourists to get sim cards at 12 airports
The home ministry’s new year gift to its foreign tourists from 161 countries will be a pre-loaded sim card at 12 major airports of the country after home minister Rajnath
