“It is business as usual at Kuoni,” stated Rajeev Wagle, managing director, Kuoni- India, in an exclusive with Express TravelWord. The recent announcement by the Kuoni headquarters (Kuoni’s board of directors and group executive board) based in Zurich to exit from its tour operating activities created a stir in the industry. The company has taken a decision to part with its B2C businesses and focus completely on the B2B and B2G business units namely Global Travel Distribution (GTD), Global Travel Services (GTS) and VFS Global. These core businesses already represent around 60 per cent of Kuoni’s current consolidated turnover. “The decision taken by the headquarters was clearly strategic to accelerate growth and profitability and take the other core business performing units to the next level of growth. M&As, ownership changes are a part of any form of business across sectors, the travel space being no exception,” mentioned Wagle, adding that the headquarters, based in Zurich, will start the formal process of seeking bids and tenders in the coming months.
28/01/15 Reema Lokesh/Financial Express
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28/01/15 Reema Lokesh/Financial Express
