Email the editor

Lion-Cachet Leaves EIG to build innovation business

Former director says he will concentrate on investment opportunities

Pictured: former Sportsworld MD Chad Lion-Cachet

Chad Lion-Cachet has stepped down as chief executive of Events International Group, part of the TUI Group, after 13 years with the business. Chad left the group at the end of December 2016. He was the driving force behind Sportsworld and its successful acquisition by the TUI Group. 

He also helped create Events International Group and built a number if event production, marketing, and service brands. Lion-Cachet will now concentrate on developing investment vehicles that will continue to provide opportunities for innovation in the event industry. 

“My passion has always been in the creation and development of great businesses, and I’m looking forward to starting the process again. I want to help companies find suitable investment to bring their new ideas and developments to fruition.”

Adding, “I’m on the lookout for suitable investment opportunities in the market, but I also see a massive opportunity in the creation of a broad based, diverse and customer focussed event services brand that cuts across sport, food, fashion and culture.”

Lion-Cachet was a contributor to the All Party Parliamentary Group’s enquiry into the international competitiveness of the events industry, and is a regular commentator on the industry. 

TUI Group announced its intentions to sell Event International Group’s umbrella business, Travelopia, last year. 

Martin Froggatt, Traveltopia's managing director - expeditions, education and events, thanked Lion-Cachet for his time with the company.

"Chad joined TUI through the acquisition of Sportsworld and was promoted to managing director of the sport division after the London Olympics. During his time with us, Chad played a key role in transforming the division and improving its financial performance. He contributed tot he successful operational delivery of a number of programmes at some of the world's largest sporting events.

"I would like to thank Chad for his commitment and particularly his hard work over the last four years where he worked directly for me."

Facebook Share Twitter Share LinkeIn Share