In December 1996, CVC Funds acquired Shearings from the Rank Organisation. Shearings is one of the UK’s and Europe’s leading holiday companies and luxury coach tour operator.
Shearings is a modern holiday company employing over 3,000 staff throughout the group, which also includes a chain of 44 hotels and eight high street travel shops. Shearings targeted customer base is the 55 and over age group and carries approximately 450,000 passengers each year on a variety of holidays and short breaks within the UK and continental Europe.
In February 2005, Shearings was sold to and merged with Coach Holidays Group and rebranded with the name Shearings Holidays.