Leger Shearings Group acquires Arena Travel out of administration
Will PayneLeger Shearings Group (LSG) has acquired Arena Travel after the brand went into administration last Friday (23 September).
The agreement will see the escorted tours company acquire Arena’s database, web domains and social media pages, covering all divisions and sub-brands of the firm.
As part of the agreement, all 50 permanent employees will retain their jobs under the TUPE protection of employees’ rights regulations. All bookings were financially protected and LSG are enabling customers to continue with their holidays as planned.
The three Arena Travel offices in Market Harborough, Buckingham and Nacton, Suffolk will be taken over by LSG.
Leger Shearings Group chief executive Liam Race said: "I am very pleased that the Leger Shearings Group was able to acquire the Arena assets and importantly, protect jobs during these challenging times."
Arena Travel’s managing director Steve Goodenough, will remain in position and said: “Arena Travel is long established and prior to the pandemic was very successful, but it came out of covid battered and bruised.
"Our plan was to have a year of recovery, however, travel disruption hit every aspect of industry, from port delays, to flight and baggage disruption, to low water in Europe’s rivers and it took its toll and the business became untenable."
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