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HT&E selling Luxury Escapes shareholding
Melbourne based Luxury Escapes (Lux Group Limited) is getting extra funding from a new investor. Auctus Asset Management is buying the current shareholding of HT&E and will also invest a ‘minimum funding of $60 million’ according to the terms of the deal.
HT&E could receive up to $23.2 million for the sale. Luxury Escapes acquired Porter & Sail earlier this year. Luxury Escapes has more than two million subscribers mostly in Asia Pacific, the US and UK.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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