Thomas Cook Group
Thomas Cook Group plc was a global travel group, headquartered in the United Kingdom and listed on the London Stock Exchange from its formation on 19 June 2007 by the merger of Thomas Cook AG — successor to Thomas Cook & Son — and MyTravel Group until 23 September 2019, when it went into compulsory liquidation. The group operated as a tour operator and airline, and also operated travel agencies in Europe. At the time of the group's collapse, approximately 21,000 worldwide employees were left without jobs (including 9,000 UK staff) and 600,000 customers (150,000 from the UK) were left abroad, triggering the UK's largest peacetime repatriation.
| Company type | Public |
|---|---|
| LSE: TCG FWB: TCG OTCMKTS: TCKGY | |
| ISIN | GB00B1VYCH82 |
| Industry | Hospitality, tourism |
| Predecessors | |
| Founded | 5 July 1841 in Leicester, England as Thomas Cook |
| Founder | Thomas Cook |
| Defunct | 23 September 2019 |
| Fate | Ceased trading and entered into compulsory liquidation |
| Successors |
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| Headquarters | London, England, United Kingdom |
Area served | Global |
Key people | Frank Meysman Non-Executive Chairman Peter Fankhauser (CEO) |
| Products | Charter and scheduled passenger airlines, package holidays, cruise lines, hotels and resorts |
| Services |
|
| Revenue | £9,584 million (2018) |
| £250 million (2018) | |
| -£163 million (2018) | |
Number of employees | 21,000 |
| Divisions | Thomas Cook Group Airlines |
| Subsidiaries |
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After the collapse, segments of the company were purchased by others, including the travel stores in the UK, the airlines, the Thomas Cook name and logo, the hotel brands and the tour operators. Thomas Cook India has been an entirely separate entity since August 2012, when it was acquired by Fairfax Financial and thus was not affected. In September 2020, Fosun International launched Thomas Cook Holidays as the successor to the company, hiring former Thomas Cook Group staff in the process.