CVI Group snaps up Cruise & Maritime Voyages belongings | Information

CVI Group snaps up Cruise & Maritime Voyages assets | News

The belongings of Cruise & Maritime Voyages have been offered following the collapse of the corporate earlier this yr.

Sister firms South Quay Journey & Leisure, Unbiased Coach Journey and Viceroy additionally closed in June, together with worldwide gross sales places of work in Australia, France, america and TransOcean Kreuzfahrten in Germany.

Traders CVI Group have bought components of the corporate, together with buyer databases, web sites and mental property, in accordance with directors Duff & Phelps.

Paul Williams, joint administrator with Duff & Phelps, acknowledged: “We have now labored arduous since being appointed to safe a sale of the enterprise and belongings of the Corporations. 

“Regrettably, given the devastating impression of the worldwide pandemic on the whole journey trade, with a deal with the leisure cruise sector, this has not been potential on this occasion.

“Nonetheless, I strongly imagine that this asset sale not solely represents the perfect worth for the businesses’ collectors that was achievable in difficult market circumstances, but additionally gives a chance for CVI, via its proprietor Christian Verhounig, to proceed to pursue funding alternatives to probably relaunch Cruise & Maritime Voyages’ distinctive cruise operations to its devoted clients sooner or later sooner or later.”

The cancellation of earlier superior buyer bookings stays unaffected by the sale. 

Christian Verhounig, the proprietor of CVI, acknowledged: “The worldwide pandemic had a devastating impression on Cruise & Maritime Voyages’ as soon as flourishing, increasing and worthwhile enterprise.

“Having developed a much-loved model over the previous decade and massively standard value-based area of interest no-fly cruise product, we’ve been merely overwhelmed by the outpouring of help and happy to re-launch the enterprise.”

He added: “This endorsement throughout the trade and buyer base alike has been a wealthy supply of encouragement and along with my earlier administration group, we’re working arduous to plug the massive market hole vacated by Cruise & Maritime Voyages’ premature insolvency.”

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