Thomas Cook shops sold to Hays

Travel Daily - - Front Page -

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”.

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