ALMOST 70 staff at Cox & Kings UK will retain their jobs after the company was placed into administration overnight – and then immediately purchased by Abercrombie & Kent.
The potential deal was flagged last week (TD 26 Nov), with A&K forming a new entity called C&K Luxury Travel which has bought the business and all of its assets for an undisclosed sum from the administrators, KPMG.
Cox & Kings’ local offshoot, Tempo Holidays & Bentours, ceased trading in Sep with the loss of almost 100 jobs.
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Source: traveldaily