Travel company Cox & Kings on July 8 said its group company MEININGER Hotels will open a property in Leipzig in Germany next year
"PGL, a subsidiary of Holidaybreak, the European Education and Leisure specialist group adds its second site, Camp Rumbug in Australia, as part of its plan to expand in Australia," said Cox & Kings.
Peter Kerkar, ED, Cox & Kings (India) explains to CNBC-TV18 that the company's acquisition of Holidaybreak, a company with strong cash flows, and its foray into education has supported efforts to reduce debt and boost income for the quarter. The company also plans to post a topline revenue of Rs 1,000 crore for FY13.
Indian tour operator Cox & Kings Ltd said on Wednesday Citigroup's venture capital arm will invest USD 137.75 million in its UK unit, sending its shares up 8.2%.
Until now, Thomas Cook has been enjoying its monopoly as the only travel company to have an authorised dealer licence also known as a Nostro licence. Peter Kerkar the director says the advantage is it will give them between Rs 2-3 crore of net profit per quarter through the year.
Peter Kerkar, ED, Cox & Kings (India) Ltd stated that debt had to be seen in the perspective of dramatic increase in earnings, thanks to the acquisition of UK education company, Holidaybreak.
Indian tour operator Cox & Kings Ltd will buy British specialist travel company Holidaybreak for 312 million pounds (USD 511.3 million) in cash, helping it meet the growing demand for education travels.
Tour operator Cox & Kings Limited, on Wednesday, agreed to buy British specialist travel company Holidaybreak for 312 million pounds (USD 511.3 million) in an all cash transaction.
Tour operator Cox & Kings Ltd on Wednesday agreed to buy British specialist travel company Holidaybreak for 312 million pounds (USD 511.3 million) in cash.
British specialist travel company Holidaybreak on Tuesday confirmed that it was in discussions with tour operator Cox & Kings Ltd. regarding a possible offer.
Cox & Kings is all set to acquire UK-based company Holidaybreak, reports CNBC-TV18. Sources say Cox & Kings may have to pay at least 450 million pounds to land the English company.