Thomas Cook UK shops sold to Hays Travel saving thousands of jobs

David Chapman said:"I am pleased to announce we have reached an agreement with Hays Travel to acquire Thomas Cook's entire UK retail estate, comprising 555 stores across the country.

The news will be seen as a lift for the UK's high streets as a crisis of consumer confidence combines with surging costs to hurt store-focused retailers.Thomas Cook's demise also reignited fears for the wider travel market as airlines engage in a price war at a time of dented demand and higher fuel costs.The company's brands include Just Go Travel which trades under the Hays Travel name predominantly across the North West of England.

"We will build on the good things Thomas Cook had - not least its people - and that will put us in even better stead for the future. Jim Tucker, Partner at services firm KPMG and joint special manager of Thomas Cook's Retail division, said of the deal:"Over the weeks ahead, we will work closely with Hays Travel and landlords to ensure a smooth transition of the store estate."

Not sure what they have actually 'bought' as they still need to agree to reduced (I assume) rents with landlords.

Tremendous news ....our holiday cancellation doesn't compare to thousands that lost their jobs, their income and possibly struggling to provide for their families...put things into perspective folks and remember theres usually someone in a worse situation than yourself.

surely I am not the only one who sees suddenly taking on 555 rents in a declining high street environment as a ridiculously risky move?

*despite brexit

Those dudes who paid themselves huge bonuses whilst the company went down the shitter should be offered a job seeing if its safe for the Canary to go down the mines

Hays travel - proper firm

Fabulous!

Holiday Holiday Latest News, Holiday Holiday Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thomas Cook update: Rival Hays Travel to buy 555 stores - 421 jobs rescuedTHOMAS COOK stores have apparently been saved by Hays Travel, who have stepped in to buy 555 Thomas Cook stores after they were set for closure. The independent travel agency has already rescued 421 people from losing their jobs following the demise of Thomas Cook.
Source: Daily Express - 🏆 26. / 68 Read more »

Up to 2,500 Thomas Cook jobs saved as UK stores bought upHays Travel, Just Go Travel operator, acquires 555 stores and says it will re-employ many staff despite britex !!!! when its a negative ...you lot always blame britex … but when its a positive I never here that word ….hhhmm its like you have an agenda rather than a ...point information.. and truth
Source: The Guardian - 🏆 84. / 53 Read more »

Thomas Cook's 555 stores to be bought by rivalAll Thomas Cook stores to be bought by rival Hays Travel in a move that could save up to 2,500 jobs. what a great business plan are they fucking mad?! Might as well be buying Betamax players. Booking holidays on the high street is dead.
Source: BBCNews - 🏆 3. / 97 Read more »

From Malory Towers to Thomas the Tank Engine: train trips inspired by children’s storiesWith carriages to explore, a cast of strangers and a sense of growing anticipation as you chug towards your final destination, rail travel sparks children’s imaginations. Bring the best fictional rail journeys to life with a memorable adventure of your own If this is the best you can do for 'paid content', someone needs their money back. A ten year old with google could come up with a better article than this. Why lower your standards?
Source: The Guardian - 🏆 84. / 53 Read more »