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25 Nov 2019by James Chapple
Luxurious operator Abercrombie & Kent is “in superior discussions” about the proposed acquisition of Cox & Kings’s Uk business enterprise.
It will come just after Cox & Kings British isles before this month engaged KPMG to uncover a purchaser amid issues in excess of the finances of its Indian mother or father.
In accordance to A&K, its proposal will safeguard all present and long term bookings, as very well as the roles of Cox & Kings Uk employees, and provide refreshing financial investment to the enterprise.
A&K believes the two makes are complementary and would established a robust combined proposition in the British isles luxurious journey sector, owing to Cox & Kings UK’s “loyal client databases” and “superb products portfolio”.
Geoffrey Kent, A&K founder and co-chairman, mentioned: “I’m psyched at the prospect of introducing the Cox & Kings British isles small business to the Abercrombie & Kent family. The acquisition will expand our portfolio of product choices in the British isles, especially with their established escorted touring programme. This is just the start out of our development designs in the Uk and globally.”
Running director Kerry Golds included: “We’re committed to investing in Cox & Kings. It is a renowned model with an expert and committed crew that I’m wanting forward to performing with. I’m assured that with their robust trade relationships and loyal consumer base, we can choose Cox & Kings to the subsequent degree.”
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