Philippines
http://admin.travelmole.com/images/stories/2009/images/logoNeilsonHeader(1).gif

With new GDPR (General Data Protection Regulation) legislation in effect, we just wanted to make sure you still wanted to hear from us.


To continue receiving your TravelMole newswires, please click Yes below.


If you have any questions regarding how we handle personal data, please view our Privacy Policy on our website. "

Published on Monday, November 25, 2013

Thomas Cook sells Neilson



Thomas Cook has sold Neilson for £9.15 million to private equity firm Risk Capital Partners.


The sale of the specialist tour operator, Neilson Active Holidays, will complete on or around 10 December.


But the travel firm said all other parts of Thomas Cook's UK tour operations remain unaffected.


Harriet Green, group chief executive of Thomas Cook Group said: "The transformation of our UK business - and that of the Group overall - is happening at pace.


"We have previously undertaken a comprehensive review of our product portfolio and where we want our business to be.


"Today's announcement is the result of our continuing rationalisation of our business. Building on our other recently announced disposals, it will allow us to focus on those key brands, propositions and products that will deliver our strategy for profitable growth."


Thomas Cook said for the year ended 30 September 2013, the Neilson businesses contributed approximately £1 million to the group's earning before interest and taxes.


As a result of the sale, it will separately disclose a £13 million non-cash asset impairment write down within its income statement for the year ended 30 September 2013.


In 1999, Thomas Cook merged Neilson's ski and sailing operations to create Neilson Active Holidays.


TravelMole reported in February that Neilson was likely to be sold off as part of Harriet Green's review, see previous story.

Story Image



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story


NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Has business been non-stop since the relaxation of quarantine ?
Yep 47.73 %
Nope 52.27 %

Thank you for your vote



What is GoodtoGo?

Submit your news
or special offer


Current UK Special Edition



Current US Special Edition



Current Asia/Pacific Special Edition



LATEST 'MOLE VIDEOS

Babble.cloud see a new way of working post Covid

Traveltek adopt a new way of working but plan to expand product portfolio post Covid-19

Jamaica prepares to open for business ... Donovan White talks to TravelMole

Expedia Travel Agent Affiliate Program (TAAP): Meet Alfonso Paredes, Senior Vice President

UPCOMING EVENTS
\m