Mark Warner has called in expert advice over a
possible sale.
According to the
Financial Times,
PricewaterhouseCoopers has been called in by the
family-friendly tour operator over a number of
approaches made by interested parties.
Both TUI
Travel and Thomas Cook have held initial talks
with Mark Warner and shareholders of the company
have privately asked for strategic advice over a
potential sale.
Although one insider close to the deal played
down the possibility of a sale, it seems a
combination of the recession, the deteriorating
exchange rate and the negative publicity
generated by the disappearance of Madeleine
McCann from one of the operator's resorts have
all hit the company hard.
Mark Warner
was founded in 1974 by Mark Chitty and Andrew
Searle who still each own a 50% stake in the
company now.
Edward Robertson
