08/03/2021

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CVI Group snaps up Cruise & Maritime Voyages assets | News

The property of Cruise & Maritime Voyages have been marketed following the collapse of the...

The property of Cruise & Maritime Voyages have been marketed following the collapse of the corporation before this 12 months.

Sister providers South Quay Vacation & Leisure, Impartial Coach Vacation and Viceroy also shut in June, alongside with global income offices in Australia, France, the United States and TransOcean Kreuzfahrten in Germany.

Buyers CVI Team have obtained aspects of the corporation, including client databases, web-sites and mental house, according to administrators Duff & Phelps.

Paul Williams, joint administrator with Duff & Phelps, stated: “We have worked tricky because being appointed to protected a sale of the company and property of the Companies. 

“Regrettably, offered the devastating affect of the worldwide pandemic on the overall vacation field, with a concentrate on the leisure cruise sector, this has not been doable in this instance.

“However, I strongly feel that this asset sale not only represents the greatest worth for the companies’ lenders that was achievable in tough market problems, but also provides an opportunity for CVI, by way of its proprietor Christian Verhounig, to continue to pursue funding options to possibly relaunch Cruise & Maritime Voyages’ unique cruise functions to its committed buyers at some position in the upcoming.”

The cancellation of past superior client bookings stays unaffected by the sale. 

Christian Verhounig, the proprietor of CVI, stated: “The worldwide pandemic experienced a devastating affect on Cruise & Maritime Voyages’ after flourishing, growing and worthwhile company.

“Having made a a lot-loved manufacturer around the past 10 years and hugely well-liked worth-primarily based niche no-fly cruise product or service, we have been only overwhelmed by the outpouring of help and happy to re-start the company.”

He extra: “This endorsement across the field and client base alike has been a abundant source of encouragement and with each other with my past management team, we are doing work tricky to plug the substantial market gap vacated by Cruise & Maritime Voyages’ untimely insolvency.”