Leger Shearings leadership increase shareholding

Tuesday, 12 Nov, 2024 0

Leger Shearings Group’s CEO Liam Race, CFO Andrew Oldfield and CPO, Chris Plummer, who acquired a 30% stake in Leger Holidays in a 2019 MBO, have increased their stake in the business.

They now become majority shareholders.

Ian Henry, who led the company for over 30 years and Kathleen Henry, now become minority shareholders, with Ian appointed non-executive chairman.

Since the initial management buyout in 2019 the Rotherham, South Yorkshire company has more than doubled in size, with Leger Holidays’ acquisition of the assets of former competitor Shearings in 2020 credited with aiding the growth.

In September 2022 Arena Travel was a further acquisition, broadening the product range, along with its specialist interest brands, crafting holidays specialist Stitchtopia, and First for Bridge.

CEO Liam Race said: “This is a very exciting time for Leger Shearings Group, which is now the UK’s largest escorted coach tours operator.”

We made a bold move acquiring the iconic Shearings brand and its assets in lockdown 2020, but it has certainly paid off. The business has delivered consistent profit growth since the pandemic.”

The recent launch of UK Direct Route Mini Breaks was an instant success, river cruise is another high growth area, and we will soon be announcing big news on the development of the Shearings’ brand.”

Learn more about : Leger Holidays ( United Kingdom )

below social share icons

TravelMole Editorial Team

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.

Blue Diamond Resorts consistently goes above and beyond guest expectations by delivering groundbreaking vacation experiences through our exceptional collection of...

Home to America’s Best Beaches, a vibrant arts community and amazing outdoor experiences, St. Pete/Clearwater is a sunny destination that...

Located in the Mediterranean and connecting Asia and European continents that are separated by the famous Bosphorus, Türkiye is a...

Here at Elegant Resorts, luxury travel is in our DNA. True pioneers in the industry, we were the first specialist...

Air Transat is Canada’s number one leisure airline. It flies to some 60 international destinations in more than 25 countries...

From the Tel Aviv beach scene to the shores of the Dead Sea, Israel layers diverse cultures, outdoor adventures, and...

Palladium Hotel Group is a renowned Spanish hotel chain that first emerged towards the end of the 1960s. Currently present...

The superpower in bed banks for 30 years We are an award-winning and trusted accommodation wholesaler since 1991. We are...

Some describe it as a natural playground. Some say, it’s simply unique as it offers a great array of travel...

We are a small-group adventure travel operator offering more than 750 tours in 100 countries, on all seven continents. Our...

Destination British Columbia (Destination BC) is a Provincially funded, industry-led Crown corporation that supports a strong and competitive future for BC’s...