TUI considers offloading non-core brands

Mon, 17 Aug 2015 | DIVISION SALE

The holiday travel group TUI, and owner of Thomson and First Choice, is considering divesting some non-core assets.

The non-core brands in the line-up for a possible sale include hotelbeds.com, Crystal Ski Holidays and Hayes & Jarvis. TUI will seek to retain a stake in the brands that are sold, which together have a turnover of about €3 billion.

The business was siphoned off from the company's main operations last year following the merger of Britain's TUI Travel and TUI AG, its German shareholder. The non-core unit has been referred to as being simply “managed for value”.

Its boss Will Waggott, previously the chief financial officer of TUI Travel, may lead a management buyout of the business if things proceed to that stage.

Included in the businesses mooted for a sale is an accommodation wholesaler, which has a database exceeding 60,000 worldwide hotels, and a 10,000-strong workforce. This business includes LateRooms.com, TUI did confirm plans to sell the unit separately back in May however.

A sale of TUI's 22 per cent stake in the Hapag-Lloyd container shipping business is definitely on the cards.

The recently enlarged TUI Group has been focusing on building the TUI “power brand”, and confirmed in May that the Thomson brand will be phased out, and the First Choice brand kept on.

Following the Tunisian terrorist attack in June, in which 33 customers died, TUI is bracing itself for a hit to its full-year profits by up to €40 million.

Financing your business purchase
Off-market business opportunities


Share this article



Latest Businesses for Sale

Courier Business
UK Wide

Long-established courier business, which has an excellent reputation for providing a bespoke and rapid response service to its loyal client base. Established 20 years+. Excellent reputation for speedy, flexible and efficient service, 365 days of the...

Asking Price: Offers Invited
Turnover: £600,000

LEASEHOLD


Manufacturer & Retailer of Textiles
UK Wide

This long established company is a second generation family business specialising in the design, manufacture, installation and retailing of blinds, fabrics and wallpapers. Offers invited.

Asking Price: Offers Invited
Turnover: £500,000

LEASEHOLD


Microsoft Independent Software Vendor Partner
Midlands, UK Wide

Microsoft 365 ISV & Services Partner – Healthcare and Public Sector. An opportunity has arisen to purchase an established Microsoft Independent Software Vendor Partner (ISV) providing Software, ‘SaaS’ and Services for Microsoft 365 Information Manage...

Asking Price: Offers Invited
Turnover: £1,200,000


View more businesses for sale

News Search

Latest News

 
06
 
Jul
 

Aviation claims specialist enters administration | ADMINISTRATION

Didsbury-based aviation claims specialist Flight Reclaim has...

 
03
 
Jul
 

Next completes sale and leaseback of head office and warehouses | COMMERCIAL PROPERTY

High street fashion retailer Next Plc has confirmed the succ...

 
02
 
Jul
 

Benchmark Holdings secures sale of veterinary business | BUSINESS SALE

Sheffield-headquartered aquaculture health, nutrition and ge...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
29
 
Apr
 

TUI Group to offload Hotelbeds for £930 million | DIVISION SALE

The multinational firm behind UK travel company Thomson is s...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources