It really is a rescue for Thomas Cook’s community of traditional shops, however will likely not save your self the brand name that is 178-year-old.
But have John and Irene Hays, the wife and husband group whose business is purchasing the 555 shops, bitten down significantly more than they are able to chew?
Today, Hays Travel has 190 shops, with yearly product product product sales of Ј1bn and pre-tax profits of Ј10m.
But its purchase associated with Thomas Cook community for the undisclosed amount represents a huge expansion for an organization this is certainly additionally significantly less well known than its unsuccessful bigger rival.
Plus it comes at time as soon as the means customers purchase holiday breaks is changing – with several deciding to book on the web in the place of obtaining the hassle of a vacation towards the stores.
The backdrop to Thomas Cook’s collapse shows it’s a intimidating task. […]