Sep 8, 2020
Thomas Cook set for revival as online travel firm
The Thomas Cook travel brand is close to being re-launched following the company's spectacular collapse last year that cost thousands of jobs. The 179-year-old company collapsed under a mountain of debt, and sparked the largest ever peacetime repatriation to bring home 150,000 UK holidaymakers from abroad. Fosun was already a large shareholder in the business, and last November paid £11m for the Thomas Cook trademarks, websites, social media accounts. A very limited Thomas Cook website is already operating, although it is not selling holidays. A source said Thomas Cook was "Very keen to be up and running by Christmas. It's when people's thoughts turn to summer holidays, and there is likely to be a lot of pent up demand because of this year's coronavirus cancellations." The timing of Thomas Cook's re-launch will also depend on any further restrictions and quarantine rules on foreign travel because of the coronavirus pandemic.
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