Hays Travel to buy Thomas Cook's UK stores: government agency
FILE PHOTO: A grounded airplane with the Thomas Cook livery is seen at Manchester Airport, Manchester, Britain September 23, 2019. REUTERS/Phil Noble
Thomas Cook, the world’s oldest travel company whose shops have been a feature of British town centers for generations, collapsed last month, and its UK business went into liquidation. “This agreement ... provides re-employment opportunities for a significant number of former Thomas Cook employees, and secures the future of retail sites up and down the UK high street,” Jim Tucker, Partner at KPMG, said.
“It is a game-changer for us, almost trebling the number of shops we have and doubling our workforce - and for the industry, which will get to keep some of its most talented people,” John Hays said in a statement on the company’s website.Thomas Cook’s collapse stranded hundreds of thousands of holidaymakers around the globe and sparked the largest peacetime repatriation effort in British history.
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