News

Thomas Cook has a brand bought by a Chinese company, Fosun Tourism

to connectVideoThousands of the stranded passengers worldwide and Thomas Cook, even

It has been estimated to be as many as 600,000 travellers likely to be affected by the collapse at the weekend by the UK-based Thomas Cook, which is one of the oldest travel companies in the world-Greg Palkot reports from London.

The world’s oldest travel agency, is making a comeback.

The Thomas Cook business will be back to business later this month, after the brand was bought out by another institution, China’s Fosun Tourism, and is also the owner of a Club Med.

The British agency, had collapsed in September, leaving 2,500 jobs will be lost, and the activation of the rescue of around 150,000 passengers from the United Kingdom – the biggest evacuation of British citizens since the second world War.

Fosun, which has a large stake in Thomas Cook, and rather not in order to agree on a refinancing deal with its creditors, had made its bid on the acceptance of this period of time, as it is to buy one of the agency’s £11million and approximately $14.2 million in U.S. dollars.

Video

“The acquisition of the Thomas Cook brand will enable the group to expand its tourism business, building on the enhanced reputation of Thomas Cook and the robust growth of the Chinese outbound tourism,” according to a statement from Fosun’s chairman, Qian Jiannong, who added that he has “always believed in the value of the brand, and Thomas Cook.”

Read more from TravelPulse:

  • Hays Travel will Save up to 2,500 Jobs In the Thomas Cook Sale
  • Re-capping of needles, the US state Department’s October Recommendations
  • 10 Ways to Avoid a potentially Disastrous Vacation Trips

Thomas Cook collapsed and, after an ambitious expansion plan and in order to compete with online travel agencies. The company had 555 in the brick-and-mortar retail stores in the united kingdom

An image of a Thomas Cook Travel Agent store in Brussels, Belgium, taken in September of 2019.
(iStock)

Another British agency, Hays Travel, and plunged in and bought the shopping, and the hiring of more than 400 of the ex-Thomas Cook staff in order to take advantage of the opportunity to extend themselves.

Ironically, it is reported to have said that Thomas Cook will be the only one online travel agency.

Fosun’s acquisition consists of the acquisition of the brand along with the brands, hotel, Cook and Cooking is a good thing.

This story was originally published by TravelPulse.

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular