Tags: EU | Britain | Thomas Cook

UK Travel Firm Hays to Buy Stores from Defunct Thomas Cook

Wednesday, 09 October 2019 06:39 AM

LONDON (AP) — British firm Hays Travel says it will buy all 555 U.K. stores operated by defunct tour company Thomas Cook, which collapsed last month.

Hays says it will offer jobs to hundreds of Thomas Cook employees.

David Chapman, the official receiver handling the winding up of Thomas Cook, said Wednesday that the deal "represents an important step in the liquidation process, as we seek to realize the company's assets."

The debt-laden, 178-year-old company collapsed last month, leaving hundreds of thousands of travelers stranded around the world and 21,000 employees, including 9,000 in the U.K., facing unemployment.

Some 150,000 British travelers were flown home at government expense in the biggest repatriation effort since World War II.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
British firm Hays Travel says it will buy all 555 U.K. stores operated by defunct tour company Thomas Cook, which collapsed last month.Hays says it will offer jobs to hundreds of Thomas Cook employees.David Chapman, the official receiver handling the winding up of Thomas...
EU,Britain,Thomas Cook
116
2019-39-09
Wednesday, 09 October 2019 06:39 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved