CVI Group snaps up Cruise & Maritime Voyages belongings | Information

The belongings of Cruise & Maritime Voyages have been offered following the collapse of the corporate earlier this 12 months.

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

Buyers CVI Group have bought parts of the corporate, together with buyer databases, web sites and mental property, in keeping with directors Duff & Phelps.

Paul Williams, joint administrator with Duff & Phelps, said: “Now we have labored laborious since being appointed to safe a sale of the enterprise and belongings of the Firms. 

“Regrettably, given the devastating influence of the worldwide pandemic on the complete journey business, with a concentrate on the leisure cruise sector, this has not been potential on this occasion.

“Nevertheless, 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 supplies a possibility for CVI, via its proprietor Christian Verhounig, to proceed to pursue funding alternatives to doubtlessly relaunch Cruise & Maritime Voyages’ distinctive cruise operations to its devoted prospects in some unspecified time in the future sooner or later.”

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

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

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

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

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