A month ago, with all this negative talk in Europe over the travel group Thomas Cook.....I felt for sure they were 'finished'. Well....someone came up and bought them.
The deal? There was already a co-owner to Thomas Cook....a Chinese company (Fosun).
They have now come up and bought the name of the company....twelve million Euro.
In addition, the Chinese company also acquired Casa Cook and Cook's Club hotels. The Casa hotels? These are all beach-front operations known for being a bit laid-back and semi-luxury.
Will Chinese tourists just miss this bankruptcy 'point'? I guess so. Germans and Brits? It'll likely be a cold day in hell before they sign up for a Cook tour or vacation.
It would be curious to ask what the Cook name was valued at in 2018, and this have been worth 500-million Euro.
Reporting on this? Via ARD (German public TV, Channel One).
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