Leger Shearings leadership increase shareholding

Wednesday, 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 )

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