Vacasa CEO on Delisting: ‘That’s Not Going to Happen’
Skift Take
Vacasa and Sonder, two prominent short-term rental companies, face delisting notices from Nasdaq but have plans to address the issue and regain compliance.
You read it here first: Swiss travel investor Viadi Group has acquired British luxury villa rental marketplace, Edge Retreats.
Based in London, venture-backed Edge Retreats was founded in 2013 and has a portfolio of 6,500 villas across over 50 countries.
Founded in 2022 by Swiss real estate and travel investors Auret van Zyl and Oliver Corkhill, Viadi Group acquired majority stake in villa rentals company in the Carribbean, WhereToStay.com in January this year, and experiential tour operator, Explorations Company last year in 2022.
“The big picture is that the dry up of investment capital for pre-profitability companies is real, and is creating opportunities for companies that have cash,” said Carl Shepherd, the co-founder of HomeAway and board member on Edge Retreats.
Swiss Investor Viadi Group Buys Luxury Villa Operator Edge Retreats
Will Vacasa get delisted because its share price has dipp
