Tour operator founder Geoffrey Kent buys back company

Friday, 13 Feb, 2019 0

Abercrombie & Kent founder Geoffrey Kent has bought back the company he sold in 2016.

Kent and his close friend, founder and former owner of Silversea cruises, Manfredi Lefebvre d’Ovidio, have bought the company from Chinese tourism and investment firm Zhonghong Holdings Group.

The upmarket tour operator was founded in 1962 and now operates in over 100 countries across seven continents.

Under the acquisition, which is expected to be completed this year, Kent will hold 15% of A&K and Lefebvre will take 85%.

Kent will continue as chairman and CEO of the operating company, while Lefebvre will become chairman of Abercrombie & Kent Holding.

Lisa

Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.