Arena Travel acquired by Leger Shearings Group

Arena Travel acquired by Leger Shearings Group

The river cruise specialist went into administration on Friday; all 50 permanent employees will retain their jobs and bookings are protected

Arena Travel has been acquired by Leger Shearings Group (LSG).

The company, which has been in business for over 45 years, is well known for its river cruise holidays as well as a number of other specialist escorted holidays.

It went into administration on Friday (September 23) with a simultaneous transition to the new ownership. The agreement will see LSG acquire the company’s database, web domains and social media pages, including all divisions and sub-brands.

All 50 permanent employees will retain their jobs under the TUPE protection of employees’ rights regulations. All bookings were financially protected and LSG are enabling customers to continue with their holidays as planned. The three Arena Travel offices in Market Harborough, Buckingham and Nacton, Suffolk will be taken over by LSG.

Leger Shearings Group CEO Liam Race said: “I am very pleased that the Leger Shearings Group was able to acquire the Arena assets and, importantly, protect jobs during these challenging times. We are offering all customers the ability to take the same holiday that they had booked with Arena Travel.

“The companies share some similar products, including an excellent UK tours selection and river cruise holidays, but Arena’s very specialist holidays will add a new high-end dimension to our current portfolio.”

Arena Travel’s managing director Steve Goodenough said: “I am delighted to be working with the Leger Shearing Group to rebuild the business, with the backing and security of a much larger company, which shares Arena Travel’s value of good quality service. I am especially pleased that the holidays our customers have booked will still take place, without interruption or financial penalty.”

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