NEW YORK – Travel Leaders Grou p is formally announcing that it has acquired United Kingdom-based Colletts Travel Limited , including its prestigious Colletts Collection. The acquisition is a concerted move designed to further enhance Travel Leaders Group’s expertise in counseling and serving affluent travelers globally. Due to its highly-valued and repeat client base, Colletts Travel will maintain its distinct brand identity within Travel Leaders UK, Travel Leaders Group’s United Kingdom operations.
According to Travel Leaders Group, the acquisition was completed on January 31, 2017. No details pertaining to the specific terms of the acquisition will be released.
Established in 1983 by Roy Collett to focus on luxury vacations in worldwide destinations, Colletts Travel has grown into one of the United Kingdom’s most respected luxury travel agencies. With annual sales of approximately $57 million, Colletts Travel is headquartered in the London suburb of Hendon, and it employs 48 staff across its three London-area offices, as well as in Lancashire.
The leadership of Colletts Travel – including Roy Collett and Michael Berlin , who each serve as Managing Directors – will report to Travel Leaders Elite Division President Gail Grimmett , who is also responsible for Protravel International and Tzell Travel Group.