Shearings Sale?

Shearings Holidays' vehicles at Corley Services in May 2017

As most of you will be aware Shearings Holidays regularly visit the Great Yarmouth area on short stay breaks. It is therefore of interest that its owner, US private equity company Star Funds, is in talks to sell the company according to a recent report in a national newspaper.

Apparently Lone Star has had talks with bankers about selling off the holiday operator either later this or the following year. Originally a minor investment partner in Shearings, the US company bought out the remaining share holding in the Wigan-based group in April 2016 for an undisclosed sum.

We will be watching developments with interest.

Roy