H.I.S. Group acquires Red Label Vacations
On January 8, 2019, Red Label Vacations Inc. announced that it signed an agreement to be acquired by a subsidiary of H.I.S. Group (H.I.S.). Under the terms of the agreement, Red Label Vacations will continue to operate as an independent, wholly-owned subsidiary of H.I.S.
The transaction closed on March 1, 2019.
Red Label Vacations, which operates RedTag.ca, iTravel2000 and Travel Brands, is a travel company that offers both wholesale services as well as direct-to-consumer products.
H.I.S. is a comprehensive travel company providing a wide range of products from overseas leisure and business trips to group tours and the sale of original package tours. A worldwide travel giant, H.I.S. has 282 branches in Japan and 275 branches in 158 cities internationally.