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Riviera Travel founder Michael Wright is no longer a director of the company, an update on Companies House has confirmed.
Riviera’s sales and marketing director, Ben Hitchcock, said Wright’s intention to “step away from the business” was signalled when he sold a majority stake of the company to Phoenix Equity Partners in 2014.
Private equity firm Silverfleet Capital subsequently bought a majority stake in Riviera in December.
Hitchcock confirmed that Wright retains an investment in Riviera.
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