Bennetts Group buys assets of Jasons Travel Media from receivers

Sun, 08 Dec 2013

Dec. 9 (BusinessDesk) – Bennetts Group, the family-owned tertiary textbook company, has acquired the assets of Jasons Travel Media from the receivers for an undisclosed sum. The travel and accommodation guide publisher last month told its lenders to appoint a receiver because of the company’s deteriorating financial position. Jasons Travel was in talks with its lenders earlier this year after breaching its banking covenants, and secured an extension on its loan at the end of May while making a commitment to raise at least $1 million by the e...

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