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Saga mulling sale of Titan and Destinology, report claims

Luxury
Tom Parry
12 March 2019

Saga is reportedly exploring the sale of its Titan Travel and Destinology brands.

The over-50s specialist operator has cancelled itineraries until 1 May

Financial advisory firm Duff & Phelps has been hired by the over-50s specialist to gauge interest from possible buyers, according to Sky News.

City sources claim the two businesses could collectively command a price tag of around £100m.

Sky News reports that Lance Batchelor, Saga’s chief executive, wants to focus on its Saga-branded businesses.

A Saga spokesperson told TTG: “We do not comment on market speculation.”