United Kingdom
United States
Asia Pacific
Gurassa linked to Saga bid
Former Thomson chief Charles Gurassa has been linked to a potential bidder for over-50s holiday and financial services group Saga. He has been approached by private equity group Cinven to head a possible £1 billion bid for Saga. Sources confirmed that Mr Gurassa was getting involved in the bidding process for Saga although a Cinven spokesman was unable to comment. Mr Gurassa was responsible for a financial turnaround at the former Thomson Travel Group and its £1.8 billion sale to German travel giant TUI in 2000. He previously held senior management positions at British Airways and Thomas Cook. Saga, based in Folkestone, Kent, employs more than 3,000 people, with travel accounting for almost 60% of its turnover. The company runs two cruise ships and has acquired Cunard’s Caronia to start sailing under the Saga flag next year. Saga, which runs radio stations and a magazine alongside insurance services and holidays for the over-50s, has been the subject of bid speculation since before Christmas. Report by Phil Davies
Related News Stories:
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled