Prior to the COVID-19 pandemic, the Consumer and Leisure sector had been enjoying year on year growth driven primarily by increasing levels of disposal income and an increased focus on a healthy work/life balances. Not all sub-sectors have had an easy ride though, and the overall growth in consumer belies a continuing shift from traditional bricks and mortar retail to online, which has been accelerated by the COVID-19 situation and the resultant Lockdown. With ‘non-essential’ shops closed for three months and guidance to stay and home, e-commerce businesses reaper the rewards and are arguably one of the few parts of the economy that have benefited from the COVID-19 pandemic.
At the other end of the spectrum, the leisure and tourism sector has been impacted on an unprecedented scale and is unlikely to recover to pre-COVID levels for many years, if at all. This has seen the unfortunate demise of some businesses but equally, as the leisure industry adjusts to the new normal, there will inevitably be new opportunities that arise
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“We are delighted that the Domaine Direct business is now part of the Flint Wines family and look forward to building on Hilary Gibbs’ considerable achievements. I do not underestimate the challenges of doing deals in the present environment and we are very grateful to the Quercus team whose advice has been excellent. Without their insight, proactivity and support I fear we may not have reached the finishing line.”
“This is an excellent result. The sale allows Newmarket Promotions to focus 100% on growing its core adult tour operations, and provides the school travel business with a supportive parent with the experience and track record to capitalize on its strengths. We would not have got there without the wise counsel and experience of the Quercus team. There was much complexity to navigate in this deal. Andy’s and Neil’s support helped make the difference”
“I am very grateful for Quercus’ support through the sale process. Their attention to detail and pragmatism helped deal with issues that arose along the way and ultimately played a big part in driving the deal over the line.”
“Quercus got to know and understand the details of our business intimately and they guided us in how to present it to potential purchasers. They supported and steered us through the sale process, which was much more bumpy than we had imagined. Their hard work and determination has resulted in us being able to retire”
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