Contributors
A multi-disciplinary Womble Bond Dickinson team has advised on the rescue of the business of the world's oldest travel agency, safeguarding jobs and current and future bookings.
The UK business of Cox & Kings (Est 1758) experienced financial difficulties following the collapse of its parent company in October requiring them to seek investment from outside of the group.
London restructuring partner Tom Pringle and Managing Associate Jonathan Dunkley worked with the company’s board and a KPMG team led by David Pike to deliver a sale via a pre packaged administration that rescued the business as a going concern.
The buyer, Abercrombie & Kent, is an established luxury travel operator and a competitor of Cox & Kings.
Tom Pringle said:
“I am delighted that Womble Bond Dickinson has helped to deliver a positive result for employees and holidaymakers in what have clearly been difficult circumstances for the business and the sector at large. It is particularly pleasing given the huge effort that was put in by a WBD team with a broad range of expertise, working as one team with our clients to save this historic business”.
