Peter Harris (entrepreneur)

Peter Harris (born March 1934)[1] is a British businessman. He is best known for founding Bourne Leisure in 1964 and the owner of Butlins from September 2022.

Peter Harris
BornMarch 1934
NationalityBritish
OccupationBusinessman
Known forFounder, Bourne Leisure
Owner of Butlins

Career

In 1964, Harris co-founded Bourne Leisure, a holiday and leisure company which owns Haven Holidays, Butlins, and Warner Leisure Hotels, after he audited a caravan park in his former role as an accountant. His co-founder was David Allen.[2][3]

In 1977, he began to buy land at Tring in Hertfordshire, where he trained racehorses until 2004.[4] For the next seven years, the training licence was held by his son-in-law Walter Swinburn.[5] Following his retirement as a trainer, Harris remained a significant owner of the yard.[6] Swinburn relinquished his licence at the end of October 2011 for "commercial reasons".[6] The estate was put on the market by Harris shortly after Swinburn's retirement.[4]

In 2013, Harris was honoured by the British Travel & Hospitality Hall of Fame in 2013.[3]

Harris was born in the UK. He owns several other companies, including an aviation business and a golf course.

In 2021, the Sunday Times Rich List estimated his net worth at £1.534 billion.[7]

In 2021, Harris sold his majority shareholding in Bourne Leisure to private equity company, Blackstone in a deal that valued the business at £3 billion. Harris resigned as a director of the business, but remains a minority shareholder.[2][8]

It was announced in September 2022, that the Harris Family Trust had bought back Butlins in a deal estimated to be worth £300 million. However the deal did not include Butlins property assets which were sold earlier in the year to the UK’s largest pension scheme, the Universities Superannuation Scheme, also for £300 million.[9][10]

References

  1. "Peter Woodstock HARRIS personal appointments - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 12 November 2021.
  2. Hancock, Alice (11 September 2021). "Butlin's owner Bourne Leisure slumps to loss as pandemic takes toll". Financial Times. Archived from the original on 11 December 2022. Retrieved 12 November 2021.
  3. Group, Travel Weekly. "Hall of Fame: Hall of Fame 2017". evessio.com. Retrieved 12 November 2021.
  4. "What would you do with Swinburn's £10m racing pad?". Archived from the original on 13 September 2016. Retrieved 26 March 2015.
  5. "Walter Swinburn: Triple Win". Retrieved 2 June 2011.
  6. "Walter Swinburn will quit training career at the end of next month". TheGuardian.com. September 2011. Retrieved 26 March 2015.
  7. "The Sunday Times Rich List 2021". www.thetimes.co.uk. Retrieved 12 November 2021.
  8. Blackstone (29 January 2021). "Blackstone to acquire Bourne Leisure". Blackstone Group.
  9. "Harris Family Trusts buys Butlin's for £300m". the Guardian. 20 September 2022. Retrieved 15 November 2022.
  10. https://www.dailypost.co.uk/news/north-wales-news/haven-owner-sells-butlins-cash-25062567


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