The Wigan-based company, owner of brands such as Shearings and Coast & Country Hotels, said all tours, cruises and hotel bookings made by its customers have been cancelled, with some of its hotels also ceasing operations. (https://
EY, the administrator, said jobs of 2,460 employees, majority of which were furloughed initially, would be made redundant and the group was contacting customers over claims and cancellations. (https://go.ey.com/2Zzkzdf)
“The directors of the Group have been in discussions with a number of parties, seeking a going concern buyer for the business. Unfortunately … no viable transaction structure was able to be agreed,” EY’s Sam Woodward (NASDAQ:WWD) said.
The company specialises in escorted tours, short breaks, events and river cruises for the over-50s.