Silversea chairman takes majority stake in Abercrombie & Kent

Tuesday, 13 Feb, 2019 0

Silversea Cruises chairman Manfredi Lefebvre has teamed up with Abercrombie & Kent founder Geoffrey Kent to take control of A&K.

They have acquired the business from real estate company Zhonghong Holdings Group, with Lefebvre’s Heritage Group taking a 85% shareholding with Kent owning the remaining 15%.

Both men have been friends and occasional business partners for more than 20 years.

Lefebvre said it is a ‘separate and unique’ transaction via his Heritage Group business that doesn’t involve the Silversea Cruises business.

Royal Caribbean Group acquired a 66% stake in Siversea last year.

Abercrombie & Kent’s network of DMCs comprise 56 offices in 26 countries.

"Abercrombie & Kent is the finest luxury travel company in the world, and I am honored to be able to partner with Geoffrey Kent to help this remarkable company continue its record growth," Lefebvre said.

Kent said: "I am very excited to be working with Manfredi. I cannot think of a better or more experienced partner for the next phase of A&K’s growth."

A&K was founded back in 1962.

The deal is expected to be finalized later this year.

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.

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