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11 Mar 2021
Intrepid Travel has announced a strategic partnership with French-based investment company Genairgy, which has secured a minority equity stake in the travel wholesaler.
The strategic partnership will help Intrepid achieve its goal of becoming the world’s first billion-dollar adventure travel company by 2025.
The agreement will support Intrepid in four key growth areas: digital transformation, product innovation, market expansion and purpose initiatives.
Intrepid co-founders Darrell Wade and Geoff Manchester, who started the business in 1989, retain majority ownership of the company and remain on the board as chairman and director, respectively.
James Thornton will continue as Intrepid’s CEO and a member of the board, and non-executive directors Liz Savage and Sarah Morgan will also continue in their board roles, with Genairgy owner Julien Leclercq the only new board addition.
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