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Shearings bought Smiths Happiways in 1984, which can be traced back to 1903. From 2014, Shearings Holidays was owned by Lone Star Funds -backed Specialist Leisure Group, until the group collapsed into administration during the outbreak of the COVID-19 pandemic in May 2020.
May 22, 2020 · 2005: Venture capital firm 3i, which owns travel agency Wallace Arnold, purchases a controlling stake in Shearings. 2013: Shearings’ passenger numbers grow to a then-record 1.05 million, with sales of £195m and a profit before tax of £5.8m
- Travel Weekly Reporters
Apr 23, 2020 · Sky News has learnt that Specialist Leisure Group (SLG), which also owns the Bay Hotels chain, is in advanced talks with several potential buyers as it tries to avoid falling into administration.
Jun 23, 2020 · It follows the news in May that Specialist Leisure Group, which owned the Shearings’ brand, had gone into administration after more than 100 years. Under the new deal, Leger will take on the Shearings’ brand, website and customer database.
Jan 28, 2021 · Liam Race has been appointed Chief Executive of the Leger Shearings Group. He succeeds Ian Henry, who becomes Executive Chairman.
Apr 17, 2023 · For Leger Holidays, buying the Shearings brand during the COVID-19 pandemic was a risk. But the move has proved transformational for the business. Now, as Leger Shearings Group, the business is on a clear upwards trajectory. January 2020 had been a record January for Leger Holidays.
Aug 29, 2023 · Specialist Leisure Group had owned coach firms Shearings, National Holidays and Wallace Arnold and entered administration in May 2020. At the time, travel trade organisation Abta said more than...
