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Classic Collection acquired by On the Beach Group for £20 million

Operators
Jennifer Morris
16 August 2018

On the Beach Group has announced acquisition of Classic Collection Holidays for £20 million.

Deal to broaden 'loyal' agents' beach holiday portfolio

Classic Collection reported underlying earnings of of £2.6 million and gross assets of £18 million in its latest statutory audited accounts for the 12 months to October 31.


On the Beach said the acquisition represented a continuation of its strategy, “while leveraging the group’s capabilities to access the circa five million short-haul beach holidays that each year are booked offline”.