Thomas Cook shops sold to Hays
BRITISH travel group Hays has purchased all 555 former Thomas Cook retail outlets from the collapsed company’s administrators, KPMG.
The deal is expected to see many of the 2,500 travel consultants displaced by the massive failure offered new roles within the rebranded Hays stores.
Family-owned Hays Travel transacted about £1 billion in TTV last year at 190 branches, with founders John and Irene Hays saying “Thomas Cook was a much loved brand employing talented people...we look forward to working with many of them”.
The price of the deal was not disclosed, with a KPMG spokesperson describing it as an “extremely positive outcome”.