American Express Selling Off Half of Business Travel To Investment Firm
Skift Take
The company still hasn't recovered from the slump in business travel post-recession, and with the macro picture on the sector changing fast with rise of digital, divesting, at least part of it, is the right move.
American Express, in the midst of restructuring and trimming cost on its ailing business travel unit, has finally decided to sell it off, at least half of it. It said today it is in talks with an investor group led by private investment firm Certares to create a joint venture for its Globa
