New investors are being sought for specialist luxury travel website company Travesse Lifestyle after it fell into administration on Friday.
Investors sought for failed luxury website Travesse Lifestyle
New investors are being sought for specialist luxury travel website company Travesse Lifestyle after it fell into administration on Friday.
Previously known as Flash Sales, Travesse Lifestyle owns UK members-only luxury travel site travesse.com as well as thetraveleditor.com, a leading source of travel-specific editorial content.
London-based Travesse Lifestyle’s portfolio includes private-sale luxury travel site Spire, boutique hotel and villa specialist Chic Retreats, UK-focused Travel Intelligence, luxury lifestyle curator Suzanne’s Files and US-based Perfect Escapes.
The Perfect Escapes site network was acquired in March along with Starfish Interactive, a proprietary online booking engine and inventory-management system for luxury travel.
Besides powering the company’s own brands, Starfish also partners with travel sites including Condé Nast Traveller (UK), Red Online, Room for Romance, Luxique, and Luxe City Guides.
Joint administrator Andrew Stoneman, of global financial advisory and investment banking firm Duff & Phelps, said:
“We have been running an extensive marketing campaign over the past ten days with a view to selling the business and assets of the company.
“It is with regret that we have not been able to do this within the tight fiscal position the company is in.
“Therefore the decision was taken to put Travesse Lifestyle into administration whilst we continue the search for a new owner,
“A number of interested parties have stepped forward and we are looking forward to continuing those discussions in the next few days.”
He added: “We would urge anyone with an interest in the luxury travel sector to get in contact with Duff & Phelps at the earlier opportunity.”
