This page uses content from Wikipedia and is licensed under CC BY-SA.

Hogg Robinson Group

Hogg Robinson Group
Public
IndustryCorporate services
HeadquartersBasingstoke, UK
Key people
Nigel Northridge, Chairman
David Radcliffe, Chief Executive Officer
WebsiteHRGFraedom

Hogg Robinson Group is a publicly listed international corporate services organisation with headquarters in the United Kingdom. Their brands include HRG, a global travel management company and eWings.com, a travel management company, for small to medium sized companies.[1]

Hogg Robinson Group wholly acquired Spendvision in March 2012,[2][3][4] before rebranding it as Fraedom in May 2015.[5] Fraedom was then acquired by Visa in February 2018.[6] Hogg Robinson Group was founded in 1845, by brothers in law Francis Hogg, a young wine merchant, and Augustus Robinson, an insurance broker.

The partnership developed mercantile and insurance interests from offices in Birchin Lane in the City of London. Its travel business was established after World War II, and by 1984, was one of the four largest travel agency operators in the United Kingdom, and included the Wakefield Fortune and Blue Star chains as well as the Hogg Robinson shops.[7]

The retail division was sold to Airtours in June 1993, and merged with Pickfords Travel, acquired by Airtours from Pickfords in September 1992, to form Going Places.[8] The company was traded on the London Stock Exchange under the ticker symbol HRG.L, and announced its delisting in July 2018.[9]

In March 2018, an agreed takeover by American Express Global Business Travel was announced, at a near 54% premium to the then share price, for £393.1 million; along with an agreement to sell Fraedom, its payments technology business, to Visa Inc for £141.8 million.[10][11][12]

References

  1. ^ "Hogg Robinson Group Acquires Digital Travel Innovator eWings.com – Hogg Robinson Group". www.hoggrobinson.com. Retrieved 2017-05-24.
  2. ^ "HRG to buy remaining shares in Spendvision". breakingtravelnews.com. Retrieved 1 March 2018.
  3. ^ "News - Buying Business Travel". buyingbusinesstravel.com. Retrieved 1 March 2018.
  4. ^ Gill, Rob (15 March 2012). "HRG agrees deal to buy 100% of Spendvision". Air & Business Travel News. Panacea Publishing. Archived from the original on 17 March 2012.
  5. ^ "HRG creates Fraedom, Seekda launches platform, Epteca unveils ancillary platform, and more..." tnooz.com. Retrieved 1 March 2018.
  6. ^ pymnts.com Acquires Fraedom For $195M To Expand B2B Payments https://www.pymnts.com/visa/2018/visa-acquires-fraedom/Visa Acquires Fraedom For $195M To Expand B2B Payments Check |url= value (help). Missing or empty |title= (help)
  7. ^ Tomlinson, Alan, ed. (2006). Consumption, Identity and Style: Marketing, Meanings, and the Packaging of Pleasure. Routledge. p. 142. ISBN 9781134982493.
  8. ^ "Travel Departures: Pickfords change". The Independent. 1 January 1994. Retrieved 15 July 2018.
  9. ^ "Hogg Robinson Group PLC CANCELLATION OF LISTING AND ADMISSION TO TRADING".
  10. ^ Editorial, Reuters (2018-02-09). "UK's Hogg Robinson gets AmEx GBT takeover offer, to sell unit to Visa". Reuters. Retrieved 28 March 2018.
  11. ^ Gill, Oliver (9 February 2018). "Hogg Robinson shares rocket 50 per cent – here's why". cityam.com. Retrieved 28 March 2018.
  12. ^ "American Express Global Business Travel to acquire Hogg Robinson Group - Amex GBT - United States". amexglobalbusinesstravel.com. Retrieved 28 March 2018.

External links