Amex GBT Breaks Out of Its Partnership With Lola
Photo Credit: Amex GBT has confirmed to Skift that its customers would no longer be using Lola, and that the partnership had ended. Unsplash / Benjamin Voros
Skift Take
The pandemic has taken its toll on many businesses, but relationships also falter in times of stress.
American Express Global Business Travel has parted ways with Lola, the corporate travel booking (and more latterly expense) app founded by Kayak co-founder Paul English.
The split comes three years into a five-year exclusive deal, which was based around a revenue-sharing arrangement. It also permitted Amex GBT to purchase equity from Lola should the partnership prove lucrative. “I’d be very happy if GBT ends up owning a lot of Lola,” said English at the time.
However, the company this week announced it had shut down its current service.
“We have some exciting news about the next phase for Lola.com, but we have to shut down our current service for now, to make way for new things coming soon,
