Bournemouth, UK (February 16, 2012) — Worldwide Timeshare has announced the completion of a management buy-out from its parent company, Worldwide Leisure Group. The move, which was finalised earlier this month, means that the company is now 100% owned and controlled by its current management team.
The buy-out includes Europe’s largest timeshare resale company, Worldwide Timeshare Hypermarket, and the rapidly expanding Worldwide Timeshare Exchange, both key industry players that will continue to be run as separate entities.
“With our newly found independence, we look forward to accelerating the growth of the two companies and strengthening each company’s position as market leaders,” said Managing Director Phil Watson.
Phil Watson has successfully led the company over the past decade and even with the current economic challenges facing the travel and leisure industry, has an extremely positive outlook. “We have already seized the opportunity to take on new premises and have begun plans to roll-out a new range of holiday products for our existing customers and to open up new markets.”
About Worldwide Timeshare
Founded in 1995, Worldwide Timeshare Hypermarket is Europe’s largest timeshare resale company having built a solid reputation for providing a transparent and reliable service for both vendors and purchasers. Preferred resale agents for developers such as Silverpoint, Club La Costa, Devere Hotels & Resorts and Petchey Leisure, the company are also sponsors of the UK Travel Channel. For more information, please visit www.timeshare-hypermarket.com or www.timeshare-exchange.co.uk
+44 (0) 871 781 6781
SOURCE: Worldwide Timeshare