Holidays Extras’ founders have passed on the remaining stake in their business to its management team, which is led by their son, after sealing an extra £10 million investment for expansion.
Holiday Extras' Matthew Pack will now oversee the business
Gerry and Carol Pack, who established Holiday Extras 42 years ago, have sold their remaining 12% stake in the business to the management team’s investment vehicle Holiday Extras Investments Limited, which now has the remaining six million shares.
Control of the business will continue to rest with its management team led by the Packs’ son, group chief executive Matthew, with an increased majority of shares held in the Employee Benefit Trust established by the founders.
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