The acquisition of TravelBrands parent company Red Label Vacations Inc. by a subsidiary of H.I.S. Co., Ltd. (H.I.S.) is now official and TravelBrands President and CEO Frank DeMarinis and his executive team say they’re excited to lead the company forward.
Heritage Group, headed up by Silversea Cruises chairman Manfredi Lefebvre d’Ovidio, will own 85% of luxury travel company Abercrombie & Kent while A&K founder Geoffrey Kent will own 15% in a new strategic partnership announced today.
With yesterday’s news that a new consortium led by Air Canada has put forth a proposal to buy Aeroplan, parent company Aimia Inc. has confirmed receipt, saying that it will now consider the proposal with its advisors.