The deal brings the tour operator out of administration and means the safeguarding of all current and future client bookings. Through the acquisition of Cox & Kings, Abercrombie & Kent will continue to increase its presence in the luxury travel world.
As a heritage brand, with a loyal client database and excellent product portfolio, A&K believes the two companies complement each other to create a combined proposition that will grow the UK luxury travel market.
A consortium of investors, led by Midlothian Capital Partners, completed the deal to acquired HB Education, the holding company for PGL, earlier.
Thomas Thottathil, vice president, corporate communications, Cox & Kings, speaks to Breaking Travel News about the growth of the luxury rail sector in India.
Award-winning independent airport lounge operator No.1 Traveller has announced a partnership with Cox & Kings – the luxury travel company – allowing Cox & Kings passengers departing from Heathrow Terminal 3, Gatwick or Stansted Airport the opportunity to get their holiday off to the best possible start by adding lounge entry to their holiday booking.
Luxury holiday operator Cox & Kings has seen huge demand for its European Journeys this year and its new Europe brochure for 2012 builds on this trend by featuring new luxury group tours across the region. On offer are breaks in Greece, Poland and Germany, a new river cruise in Russia, private gulets in Turkey and private journeys in Norway featuring the county’s rail network and cruise options.
Cox & Kings has agreed to acquire Holidaybreak plc through its wholly own subsidiary Prometheon Holdings. Under the terms of the acquisition, Holidaybreak shareholders will receive 432.1 pence in cash per share – valuing the company at £312 million.
Cheshire-based Holidaybreak has confirmed it is in discussions with Cox & Kings over a potential takeover. However, the group warned there can be “no certainty” any offer will ultimately be made.
Travel specialist Cox & Kings has launched an online travel supermarket in Australia, ezeego1. ezeego1 uses an innovative technology platform to connect to a world of products and services including domestic and international flights, hotels, transfers, sightseeing, cruises, holiday packages and destination dossiers.
Cox & Kings has unveiled a new collection of luxury tailor-made travel ideas, which are ideal for honeymoons, special occasions and well-earned luxury escapes.
The world’s oldest travel company, Cox & Kings, is eyeing a listing on the Bombay Stock Exchange that could net its chairman an estimated £24 million.The UK-based company is looking for an initial public offering in India to tap the country’s burgeoning middle class.
Cox&Kings (C&K), the 249 year-old travel company, has opened its regional office in Dubai as part of its expansion plan in the region.