Hays Travel’s former Thomas Cook branches generated £1 million in business with Jet2 in their first few days of operation.
It came after Westminster’s inquiry into the collapse of Cook revealed Hays had paid “just over £6 million” for Cook’s network of 555 shops, equating to about £11,000 per branch.
While owner John Hays wouldn’t be drawn on financial details, he did reveal that as of Thursday (24 October) 350 of the former Cook stores were open and were continuing to be “rolled out really fast”. A total of 2,000 Cook staff had been recruited.
“We’re having to do some temporary things to get them open, like buying 4G broadband routers.
We’re also using packs of signage with very clear Hays Travel branding that we’re putting in the windows.”
He added the new shops were “trading better than expected”.
“During the first few days we did £1 million in sales with Jet2, just from the new ones – they couldn’t sell Jet2 before.”
Dean Beale, chief executive of the Insolvency Service, revealed the £6 million figure during the Business, Energy and Industrial Strategy select committee inquiry, which has been taking place in London.