ABERCROMBIE & Kent has confirmed it is in “advanced discussions” to acquire the UK operations of Cox & Kings.
Despite a number of its sister companies around the globe ceasing trading, including the collapse of Tempo Holidays and Bentours in Australia & NZ, Cox & Kings UK insists it is “very much business as usual”.
Last weekend a C&K UK spokesperson told Travel Daily the business was separate to Cox & Kings India and Cox & Kings Americas, and “have been completely unaffected”.
“I can confirm that we are in dialogue with numerous potential investors who are interested in acquiring Cox & Kings UK and there will be an announcement soon as to which company is buying us,” the spokesperson said.
This morning it has emerged that A&K is the frontrunner, with founder Geoffrey Kent saying “I’m excited at the prospect of adding the Cox & Kings UK business to the Abercrombie & Kent family.
“The acquisition will expand our portfolio of product offerings in the UK, particularly with their established escorted touring program,” he added.
A&K has promised to honour all current bookings and maintain existing staff levels, as well as investing further in the business.
The Cox & Kings UK spokesperson told TD the sale would “secure the company’s long-term future, given the well-publicised challenges faced by Cox & Kings India”.
The post A&K to buy Cox & Kings UK appeared first on Travel Daily.
Source: traveldaily