(13 Jul 2020, 8:37 pm)Malarkey wrote Hays weren't in a position financially to buy National Holidays as they lost over a £1million in cancellations of holidays at the start of lockdown and have only just started to take booking again for later in the year and next year, so very much in a position of recovery right now as a business and would of been a massive financial risk to take at this time when things are very uncertain from what my sister told me as she works for them in the sales side of business.

Hopefully things work out well for JG Travel Group with this acquisition.

I have friends who work for Hays and they were told by management that Hays were buying them, that was a month or so ago so my guess is JG put a higher bid into the administrators, or Hays decided it was too high of a risk at the moment and pulled out, plus the fact that Tyresmoke heard similar rumours suggests it wasn't just office gossip.

I'd honestly expect National Holidays to do extremely well, especially since foreign travel doesn't seem to be likely for quite some time yet. Wonder if the deal included the fleet of vehicles so they can get back on the road fairly quickly