A&K takes over Cox & Kings’ UK business – is Australia next?

A&K takes over Cox & Kings’ UK business – is Australia next?

Wholesaler Abercrombie & Kent (A&K) has completed its acquisition of Cox & Kings’ UK business, following months of speculation.

The acquisition – for an undisclosed sum – brings Cox & Kings out of administration in the UK, and safeguards all jobs at the luxury wholesaler, as well as all current and future client bookings.

With parent company Cox & Kings Limited in India currently dealing with some serious financial woes, its UK arm recently began looking for a potential suitor to save it from extinction, according to TTG Media.

A&K founder and co-chairman Geoffrey Kent tweeted his excitement about the acquisition

“The acquisition expands our portfolio of product offerings in the UK, particularly with their established escorted touring program – a start of our growth plans in the UK and globally,” he said.

The question now is whether A&K will look to do the same with Cox & Kings’ assets in Australia.

Cox & Kings owned Tempo Holidays Pty Ltd (which traded as Tempo Holidays and Bentours) before it suddenly collapsed in late September and has since been placed into liquidation.

A preliminary investigation into the collapse revealed the administrator, William Buck, has been trying to sell Tempo, with a preliminary investigation finding 21 parties expressing interest, and 17 of those signing an NDA to access further information.

From those 17, William Buck received three non-binding indicative offers, and agreed to enter a period of exclusivity with its preferred bidder.

“The preferred bidder has been provided with a limited period to complete further due diligence,” the administrator said in October.

However, A&K’s regional managing director for the Asia-Pacific, Sujata Raman, told Travel Weekly the company has no current plans to resurrect Cox & Kings’ local operations.

A&K has hired some former employees of Tempo and Bentours in the wake of their collapse, and previously said it would take “some serious re-engineering” for another company to re-launch Cox & Kings if it folded completely.

Latest News

  • Products

Mandarin Oriental takes a dive into swimwear with $360 board shorts

If you were inspired by The Inspired Unemployed’s Liam Moore limited-edition pair of Budgy Smugglers but want a bit more coverage, then here’s your chance. The Orlebar Brown brand has introduced an original design of the Bulldog swim short for Mandarin Oriental hotels – yours for a snip at US$242.25 (AU$360). They have been “designed […]

  • Health & Wellness
  • Luxury

Trisara showcases sustainable dining via wellspring program

Phuket-based resort Trisara is transporting guests from resort to farm to table then back again courtesy of a new limited-time program, Wellspring. The package is a collaboration with Tri Vananda, a US$182 million (AU $270 million) wellness community in northern Phuket, conceived by Montara Hospitality Group, the owners of Trisara. In addition to entitling guests […]

  • Aviation

Emirates SkyCargo expands fleet with five Boeing 777 freighters

Emirates SkyCargo announced an investment of US$1 billion (AU$1.484b) to expand its fleet with an order of five new Boeing 777 freighters. The investment follows a strong performance in the first quarter of the 2024/25 financial year. Emirates SkyCargo expects the new freighters to increase its capacity by 30 per cent. The increase enables the […]

  • Events
  • Tour Operators

ITE HCMC 2024 focuses on sustainable tourism for creating a future

The 18th annual International Travel Expo Ho Chi Minh City (ITE HCMC) will take place from 5 to 7 September at the Saigon Exhibition and Convention Center. Under the theme “Responsible Travel, Creating Future”, the expo will highlight its dedication to promoting sustainable tourism practices and showcasing innovative tourism products and services to meet rigorous […]

  • Appointments

Seasoned pro Chris Waite goes out on his own in corporate affairs & communications

Seasoned tourism and hospitality industry corporate affairs and communications professional Chris Waite has unveiled his new consultancy. Drawing on his 25 years of experience across Australia, Europe, and Asia, Chris Waite Corporate Affairs & Communications is dedicated to helping businesses build and safeguard their most valuable asset: their reputation. Waite will focus on delivering results through […]

  • News

Travel becomes the leading retirement priority in latest Equip Super research

A staggering 71 per cent of Australians are prioritising spending their retirement savings on travel, according to a recent survey by leading superannuation fund, Equip Super. Health concerns were ranked as second as the most significant priority in retirement with 56 per cent and spending on hobbies and interests takes the third spot at 54 […]