Home / Business / One month after the bankruptcy, Thomas Cook bought from a Chinese group

One month after the bankruptcy, Thomas Cook bought from a Chinese group



The Chinese group Fosun on Friday announced the acquisition of the Thomas Cook brand for £ 11 million (€ 13 million), more than a month after the resounding bankruptcy of the British tour operator.

In a stock market announcement on the Hong Kong Stock Exchange, Fosun explains that Thomas Cook is one of the world's best-known tourist brands with 178 years of history, making it the oldest player in the industry. [19659003Thetransactionalsoallowsyoutobuyotherimmaterialrightsaswellassocialmediaaccounts

The Chinese company, already the owner of Club Med, had planned to take a majority stake in the tournament industry. Thomas Cook's operator, but this rescue was not completed and the tour operator ran out of money and ended up selling overnight on September 23rd.

Since the liquidator publ ic UK tries to sell assets to try to pay creditors.

He has already sold £ 6 million to the UK branch network at Hays Travel, which is expected to save up to 2,500 jobs out of the total 9,000 for the group in the country.

The bankruptcy of the group, which has been affected in recent years by Brexit uncertainties and changes in consumption patterns, has not only left the plate thousands of employees but demanded an extraordinary return operation of tens of thousands of tourists.


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