Travel company SmarTours sought Chapter 11 bankruptcy protection in Delaware on Monday, becoming the latest tour operator to file following a global slump in travel demand.
- New York-based company listed up to $10m of assets and as much as $50m of liabilities in court
petition - Co. is owned by Charlotte, North Carolina-based private equity firm
Summit Park - SmarTours was founded in 1996 and offers affordable travel tour packages worldwide, according to its website
- EARLIER:
Eurazeo’s WorldStrides Goes Bust Less Than 3 Years After LBO - The case is Smartours LLC,
20-12625 , District of Delaware. To view the docket on Bloomberg ...
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