Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Topdeck Travel makes joint venture announcement

For immediate release Wednesday August 27, 2014

James Nathan, Topdeck Travel Managing Director has today announced a change of ownership for the leading youth travel company.

Commenting on the announcement, James said;

“Our news today is that myself and the Flight Centre Travel Group have formed a joint venture partnership for Topdeck Travel in a similar vein to the joint venture we have with Back-Roads Touring Co.”

“More recently it became known to me that two of the shareholders in Topdeck Travel were going to sell their shares and I was very keen to ensure the legacy that was established with the purchase of the business in 2003 was preserved.”

The two businesses have a lengthy history together which originated with the Flight Centre CEO, who was one of the original founders of Topdeck Travel back in 1973.

“Our team is very comfortable with the new arrangement, which is based on the existing model with Back-Roads Touring,” said Nathan.

“Like Back-Roads Touring, Topdeck Travel will continue to operate as an independent entity based out of headquarters in Brisbane and Chiswick, London. I will remain as the head of both businesses with the support of the current senior management and operations team.”

“This is a very exciting time in the history of Topdeck Travel which comes off the back of an incredibly strong European summer season. We’ve eclipsed all previous company records and seen 30%+ growth. Today’s announcement is a natural platform to continue building for the ongoing success of the business,” added Nathan.

As a leader in youth travel, Topdeck Travel has been delivering group trips for 18 to 30-something travellers to explore incredible destinations around Australia, Europe, New Zealand, Egypt, Morocco, the Middle East, North America and Africa for over 41 years.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Going Dutch: Fonterra Kicks Off $144M Partnership With Dutch Cheese Maker

Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More>>

ALSO:

Scoop Business: NZ Retail Sales Beat Estimates

New Zealand retail sales rose more than expected in the fourth quarter, led by vehicle-related transactions, food and beverages, adding to evidence that cheap credit and a growing jobs market are encouraging consumers to spend. More>>

ALSO:

Delivery Cuts Go Ahead: 'Government Money Grab' From NZ Post

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news