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Thomas Cook shares vision for operator's future with investors

Hotels
Gary Noakes
28 May 2019

Thomas Cook has declined to comment on talks with investors during which it outlined its future strategy for the business.

2.03am: Thomas Cook ceases operations; enters liquidation

Meetings with key City firms took place before the bank holiday in which the beleaguered operator spelt out its future shape once it has sold its airline.

It is understood Cook detailed its digitisation strategy, including investment in excursions, its intention to invest in its own-brand hotel portfolio and the need for third party flying arrangements once Thomas Cook Airlines is sold.

The retail chain will be reviewed on an ongoing basis. Cook is currently proposing to shut a further 21 stores this year, placing more than 300 jobs at risk.