FLIGHT CENTRE AND INTREPID ANNOUNCE CHANGES TO ADVENTURE STORES

Written on the 3 July 2013

FLIGHT CENTRE AND INTREPID ANNOUNCE CHANGES TO ADVENTURE STORES

FLIGHT Centre Limited (ASX: FLT) and Intrepid Travel have announced a new structure for their adventure travel joint venture My Adventure Store.

My Adventure Store has operated under joint ownership since 2008, however the agreement will see FLT take ownership of My Adventure Store in Australia while Intrepid becomes a key preferred product suppliers to the network.

The 17 stores that make up the agreement will be divided between the two companies with FLT taking on My Adventure Store in Australia, Canada and Wellington, while Intrepid retains the Auckland and Islington stores as part of its branded concept store model.

Staff will be retained and will transfer to either FLT or Intrepid Travel.

“This new agreement cements the long-standing relationship between Flight Centre and Intrepid” says FLT COO Melanie Waters-Ryan.

“Both companies see solid growth opportunities in adventure travel and will continue to work together to capitalise on these opportunities.”

Intrepid Travel managing director James Thornton agrees the change is a logical progression for the two companies.

“We both win with this agreement,” says Thornton.

“Moving forward, this allows us to focus on our strengths while retaining our close ties in order to grow the adventure travel sector.”

The changes will apply in Australia from December 31, in the UK from September 30 and immediately in Canada and New Zealand.


Latest News

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

ADELAIDE APARTMENT BREAKS OFF-THE-PLAN RECORD WITH $3M SALE

AN apartment in 'The Adelaidean' residential development in Adelaide has sold for more than $3 million, which...

CABCHARGE GIVEN GREEN LIGHT TO BUY YELLOW CABS IN QUEENSLAND FOR $20M

THE consumer watchdog will not oppose the proposed acquisition of Yellow Cabs in Queensland by taxi payment service C...

SLEEPING ROUGH IN THE NAME OF CHARITY: 170 BRISBANE BUSINESS LEADERS TAKE PART IN THE CEO SLEEPOUT

OVER 170 Brisbane CEOs and business leaders will brave the cold tonight to fight homelessness in what will be the big...

Related News

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one o...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter