INDIA-listed Cox & Kings’ planned takeover of Holidaybreak UK (TTG Asia e-Daily, July 29) forced many people to do a double take.
Thus far, the major travel acquisitions have been the other way round, i.e. European firms buying Asian companies, as Europe’s growth stagnates while Asia’s bubbling pot spills over.
Also, what’s a company like Cox & Kings, with a reputation in high-end travel, doing in buying Holidaybreak, which specialises in the more humble school trips, adventure, camping and short breaks segment?
– Find out more in Editor’s Pick, ‘Say what?’
