Kuoni parent in talks to buy the brand’s owner in France

Kuoni parent in talks to buy the brand’s owner in France

Kuoni’s German parent Der Touristik is in talks to buy the owner of the Kuoni brand in France.

In a statement, Der Touristik said negotiations with Travel Lab SAS are due to be completed in the first half of this year.

Kuoni, which was previously Swiss-owned, sold its French tour operating interests in 2013 before exiting the tour operating industry completely in 2015.

Talks with Travel Lab aim to see the complete take over of the Paris-based business.

The statement said: “As part of the plan, the company and its staff will remain under its current management and continue to expand as a member of the DER Touristik Group.”

Travel Lab is the leading French tour operator in the high-end segment. Its brands include Kuoni, Vacances Fabuleuses, Scanditours, Celtictours, Donatello and Les Ateliers du Voyage.

Both parties said they will not comment on the transaction until it is completed.

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