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Sunsail for sale #109549
10/11/2016 09:45 AM
10/11/2016 09:45 AM
Joined: Mar 2004
Posts: 239
St Louis
stevelon Offline OP
Traveler
stevelon  Offline OP
Traveler
Joined: Mar 2004
Posts: 239
St Louis

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Re: Sunsail for sale [Re: stevelon] #109550
10/11/2016 09:51 AM
10/11/2016 09:51 AM
Joined: Apr 2002
Posts: 7,048
GA/NC
GeorgeC1 Offline
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GeorgeC1  Offline
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Posts: 7,048
GA/NC
I believe this sale includes the Moorings and Footloose.
G

Re: Sunsail for sale [Re: GeorgeC1] #109551
10/11/2016 11:09 AM
10/11/2016 11:09 AM
Joined: Nov 2014
Posts: 1,049
S
StormJib Offline
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StormJib  Offline
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S
Joined: Nov 2014
Posts: 1,049
“I’ve always said what is not a core business must either become core or go out,” Chief Executive Officer Fritz Joussen

The process to sell the Specialist activities, which span adventure travel to language schools, will start in the fall, the company said. The margin for the unit is equivalent to about 3 percent of sales, compared with about 5 percent for the main tourism business, according to last year’s data. The retained brands represent about one-fifth of the Specialist group’s profit.



The Specialist Group also includes Sunsail, Le Boat and The Moorings

Re: Sunsail for sale [Re: StormJib] #109552
10/12/2016 08:38 AM
10/12/2016 08:38 AM
Joined: Oct 2012
Posts: 308
Tampa, FL
denverd0n Offline
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denverd0n  Offline
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Joined: Oct 2012
Posts: 308
Tampa, FL
Quote
StormJib said:
“I’ve always said what is not a core business must either become core or go out,” Chief Executive Officer Fritz Joussen

Honestly, from a business perspective, this makes perfect sense. It may be a very good thing for Sunsail, The Moorings, et al, if they are bought by a company that considers chartering to be their core business.

Of course, who that might be, who would be interested in buying these businesses from TUI, is a whole different question.

Last edited by denverd0n; 10/12/2016 08:39 AM.

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