Saga is understood to be exploring the possible sale of two of its brands – Titan Travel and Destinology.
Financial advisory firm Duff & Phelps has been hired by Saga to see if there is interest from potential buyers, according to Sky News.
Titan Travel, an escorted touring brand, and Destinology, an online luxury tour operator, are two of Saga’s four travel brands. It also operates Saga Cruises and Saga Holidays.
It is understood Lance Batchelor, the company’s chief executive, wants to focus on its Saga-branded businesses.
Destinology was acquired in 2014 for an undisclosed sum, while Titan has been owned by Saga for 10 years.
Saga is building two new cruise ships to replace Saga Pearl II and Saga Sapphire.
A company spokeswoman said: “We do not comment on market speculation.”
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.