Tag: Thomas Cook

Fosun buys Thomas Cook brand for £11 million

BEIJING, China (AFP) — Chinese conglomerate Fosun has snapped up the Thomas Cook brand for £11 million ($14.2 million), weeks after the renowned British travel group went bust and left hundreds of thousands of holidaymakers stranded abroad. Thomas Cook’s demise in September sparked 22,000 job losses worldwide and triggered Britain’s biggest repatriation since World War II, with the government paying to fly home 140,000 tourists. The 178-year-old British institution declared bankruptcy in September after an […]

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Mexico braces for impact as Thomas Cook collapses

  CANCUN, Mexico (AFP) — Mexico is bracing for a “very powerful” impact from the collapse of British travel firm Thomas Cook, an official said Monday, as several hundred tourists gathered at the Cancun airport looking for a way home. Britain sends more tourists to Mexico’s Caribbean coast than any other European country, and more than any country in the world except the United States and Canada, according to Mexican tourism ministry figures. And the […]

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UK travel giant Thomas Cook collapses, stranding tourists

  LONDON, United Kingdom (AFP) — British travel group Thomas Cook on Monday declared bankruptcy after failing to reach a last-ditch rescue deal, triggering the UK’s biggest repatriation since World War II to bring back stranded passengers. The 178-year-old operator had been desperately seeking £200 million ($250 million, 227 million euros) from private investors to save it from collapse. “Despite considerable efforts, those discussions have not resulted in an agreement between the company’s stakeholders and […]

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