Abercrombie & Kent Acquired by Chinese Investment Group
Photo Credit: A Chinese investment group is acquiring Abercrombie & Kent. Pictured are two hikers on an Abercrombie & Kent trip near the Ilulissat Icefjord fjord in western Greenland. Abercrombie & Kent
Skift Take
The flow of Chinese investment into travel and tourism, along with other sectors, continues unabated. China is not only making its mark with outbound travelers but its money is flowing into strategic assets as well.
Luxury tour operator Abercrombie & Kent has entered into a deal to be acquired by Chinese tourism developer and investment group Zhonghong Holdings.
The potential acquisition marks another major international travel brand being acquired by Chinese investors and could provide additional resources for the iconic tour operator.
In a deal expected to be closed by the third quarter of 2
