Tuesday 20 August, 2019

Sandals for sale? – Reuters

Business news outlet Reuters is reporting that leading Caribbean resort operator Sandals may be up on the sale block.

According to an article written by Carl O’ Donnell on Reuters on Wednesday, “Sandals has hired investment bank Deutsche Bank AG to explore sale options, including a sale of a majority stake in the company, the people said, asking not to be identified because the deliberations are confidential.”

The article goes on to speculate that the company founded by Gordon “ Butch” Stewart back in 1982 could be worth in excess of US$1 billion including debt.

Sandals has not to date issued a comment on this proposed sale. Loop News calls to Sandals’ senior management team have so far been unsuccessful.

 

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