Cook res­cue

Daily Star - - NEWS -

TROUBLED travel firm Thomas Cook is to be res­cued by a Chi­nese firm.

The con­glom­er­ate Fo­sun, which owns Wolves foot­ball club and Club Med hol­i­days, will pay £450mil­lion for 75% of Cook’s tour busi­ness and 25% of its air­line.

Prof­its at Cook, Bri­tain’s old­est travel firm founded in 1841, have been hit by on­line travel agents and low-cost air­lines.

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