Sunsail for sale

http://www.yachtingmonthly.com/news/tui-group-sell-sunsail-35289
Interesting

I believe this sale includes the Moorings and Footloose.
G

“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

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.