Holiday Extras boss Matthew Pack has reiterated his commitment to the trade following its latest buyout and a £10 million cash injection.
Matthew Pack has reiterated Holiday Extras' commitment to travel agents (Credit: Holiday Extras)
On Monday (9 December), the company announced that founders – and Matthew’s parents – Gerry and Carol Pack had relinquished their remaining shares in the company, and would leave the business after 42 years.
The buyout saw the Packs sell their 12% stake to the management team’s investment vehicle Holiday Extras Investments Limited, while an increased majority of shares will now be held in an Employee Benefit Trust.
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