Who owns Center Parcs and who’s the CEO?
C
enter Parcs has been put up on the market by its proprietor, the Canadian non-public fairness agency Brookfield.
The firm goals to lift between £4 bn and £5 bn from the sale, in response to the Financial Times.
This is almost double what it was first purchased for, eight years in the past in 2015, when the enterprise value £2.4 bn.
Center Parcs runs six vacation villages within the UK and Ireland, which are a magnet for greater than two million guests yearly.
If the sale is profitable, it will be one of many largest property offers of the yr to this point.
In September final yr, the corporate was inundated with complaints and jokes on-line after it mentioned that its 5 UK parks would shut for twenty-four hours on Monday, September 19, for the Queen’s funeral.
After quickly reversing the decision to shut all its UK websites, Center Parcs UK and Ireland confirmed that friends already in attendance on the websites earlier than Monday wouldn’t have to go away.
Guests attributable to arrive on the Monday have been provided the chance to start out their breaks a day later.
Full refunds have been obtainable to those that needed to cancel, and partial ones for these taking shorter breaks than initially deliberate.
The speedy change in plans have been attributable to outrage on social media, with many friends livid that they’d be compelled to go away their vacation halfway by means of.
As the decision-making course of at Center Parcs was questioned by hundreds, right here’s a have a look at who owns the corporate.
Who owns Center Parcs within the UK?
Center Parcs is owned by the Canadian non-public fairness agency Brookfield.
The UK and Ireland operations are individually owned by Center Parcs in Europe which additionally trades below the model.
Who is the CEO of Center Parcs?
In the UK, Center Parcs is headed by CEO Colin McKinlay. He solely took the position in February final yr, changing Martin Dalby, who was on the helm for 22 years beforehand.
Before changing into CEO, Mr McKinlay served as their chief monetary officer, a task he nonetheless holds till the suitable alternative may be discovered.