IT seems that it’s Club 50-90 rather than Club 18-30 where the real money is.
Saga, the company who organise holidays for the over-50s, has decided to land its staff a whopping £500 million windfall as its love-affair with the aged continues.
The company, according to the Telegraph, has appointed investment bank Close Brothers to advise them with its “future ownership options”, which may signal a stock market float in the near future, a deal which would value the grey-pound grabbing company at around £2.5 billion.
Saga, which started in 1948 by opening a seaside hotel in Folkstone, has gone on to add share trading and insurance to its holiday business and even runs an over-50s MySpace site called Saga Zone.
Like the sadly-departed Anna Nicole Smith, Saga know where they big money is.
Posted: 5th, April 2007 | In: Money Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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April 5th, 2007 at 4:19 pm
Grey is the new Anorak. Hurrah!
April 5th, 2007 at 3:59 pm
take note anorak…..let the greys have their say…after all they are the ones that can pay your way. hey paul….a change is not good for all.
The greys like consistency not silly celebrity…as you can see on your site.
The Backlash was a lovely colour grey…until you did it away.