TUI terminates agreement: TUI brand name may no longer be used by TUI Russia
TUI AG has terminated the brand use agreement with TUI Russia.
TUI Russia is not a company of the TUI Group. The last shares in TUI Russia were sold by the Hanover Group in 2021.
The existing brand license agreement allows TUI Russia to use the TUI brand in various countries, including Russia, Ukraine, Belarus, Kazakhstan and Uzbekistan. This agreement has now been terminated by TUI AG.
Fritz Joussen, CEO of TUI Group: “TUI condemns Russia's attack and war against Ukraine. Our position is clear. The TUI brand must no longer be used by TUI Russia for its business and its brand presence.”
Related Links & Downloads
About TUI Group
The TUI Group is one of the world's leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed in the MDAX index of the Frankfurt Stock Exchange and in the regulated market of the Lower Saxony Stock Exchange in Hanover. TUI Group offers its 20 million customers integrated services from a single source and forms the entire tourism value chain under one roof. The Group owns over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 17 cruise ships, ranging from the MS Europa and MS Europa 2 in the luxury class and expedition ships in the HANSEATIC class to the Mein Schiff fleet of TUI Cruises and cruise ships operated by Marella Cruises in the UK. The Group also includes Europe's leading tour operator brands and online marketing platforms, for example for hotel-only or flight-only offers, five airlines with more than 130 modern medium- and long-haul aircraft and around 1,200 travel agencies. In addition to expanding its core business with hotels and cruises via successful joint ventures and activities in vacation destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a global tourism platform company.
Global responsibility for sustainable economic, environmental and social action is at the heart of our corporate culture. With projects in 25 countries, the TUI Care Foundation initiated by TUI focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards. In this way, it supports the development of vacation destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.
