The management buyout of ITC Luxury Travel has been completed with the backing of ‘experienced’ businessman Paul Pindar.
The independent operator remains 100% British owned June Foster, from the original founding family, retaining a shareholding alongside other members of the ITC management team.
Paul Pindar, former CEO of Capita who built the company into a £7.5bn FTSE 100 company, has been appointed chairman of the new parent company, ITC, The Luxury Travel Group.
CEO Jennifer Atkinson, who led the buyout, said: "We are excited about this new phase for ITC. Paul brings huge amounts of experience on company development and shares our ambitions to make ITC the leading luxury holiday provider in the country.
"We look forward to showcasing stylish holidays, sports tours and the very best hotels with our continued focus on excellence. We have built a brilliant team and we all look forward to leading the business to the next phase of its success."
