Nudist retires a millionaire

Today's news on ananova:

Naked Ambition Pays For Naturist

A 70-year old nudist who set up Britain's biggest naturist tour operator has joined the millionaires' club after selling the business he founded in 1971.

Peter Englert has shaken hands on a £1.8m deal that will see Romford-based Peng Travel bought by AIM-listed Travelzest.

It brings the curtain down on 35 years as a private company for Peng, which specialises in arranging naturist holidays to destinations such as Spain and the Caribbean.

According to Peng, there are hundreds of thousands of naturists in the UK and up to 25 million living on mainland Europe.

Last year, the company turned over £2.6m and made operating profits of £235,000.

Travelzest Chief Executive Chris Mottershead, said: "It is our strategic objective to build a new travel group focused on high-quality brands offering specialist holiday services.

"Peng Travel is a successful business and the leader in its niche market. It meets Travelzest's strict criteria for acquisitions, offering a sustainable revenue stream and growth potential at an attractive price."

Travelzest already owns VFB Holidays, which has contracts with the owners of 350 holiday cottages throughout France for the summer season and has booking arrangements for more than 150 hotels.

It also controls online travel agent Holiday Express, which trades from websites including holiday.co.uk and flight.co.uk.