“I’ve always said what is not a core business must either become core or go out,” Chief Executive Officer Fritz Joussen
The process to sell the Specialist activities, which span adventure travel to language schools, will start in the fall, the company said. The margin for the unit is equivalent to about 3 percent of sales, compared with about 5 percent for the main tourism business, according to last year’s data. The retained brands represent about one-fifth of the Specialist group’s profit.
The Specialist Group also includes Sunsail, Le Boat and The Moorings
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