Thomas Cook Group
 |
|
| Public | |
| Traded as | : |
| Industry | Hospitality, tourism |
| Predecessor |
Thomas Cook & Son Thomas Cook AG MyTravel Group plc |
| Founded | 2007 |
| Headquarters | Peterborough, Cambridgeshire, England |
|
Area served
|
Global |
|
Key people
|
Peter Fankhauser (CEO) |
| Products | Charter and scheduled passenger airlines, package holidays, cruise lines, hotels and resorts |
| Services | Travel agencies |
| Revenue | £7,834 million (2015) |
| £310 million (2015) | |
| £19 million (2015) | |
|
Number of employees
|
21,813 (2015) |
| Subsidiaries |
Thomas Cook Retail Thomas Cook Airlines Condor Hotels4u Neckerman |
| Website | www |
Thomas Cook Group plc is a British global travel company listed on the . It was formed on 19 June 2007 by the merger of Thomas Cook AG, itself the successor to Thomas Cook & Son, and MyTravel Group plc. It is a constituent of the FTSE 250 Index.
At the time of the merger, 52% of the shares in the new company were held by the German mail-order and department store company Arcandor (the former owner of Thomas Cook AG) and 48% owned by the shareholders of MyTravel Group. Arcandor filed for bankruptcy in June 2009, and its shares in Thomas Cook were sold in September 2009.
The group owns a number of tour operators, as well as charter airlines based in the United Kingdom, Belgium and Scandinavia. Thomas Cook also owns the scheduled airline Condor and booking website Hotels4u.
In February 2007, it was announced that the Thomas Cook AG and MyTravel Group plc were to merge. The companies announced they expected to make savings of over £75 million a year, following the integration of both businesses. Under the terms of the merger, the owners of Thomas Cook AG, KarstadtQuelle (later Arcandor), owned 52% of the new group. The shareholders of MyTravel Group owned the remaining 48% share. The merger was completed in June 2007, and took place through the formation of 'NewCo' which effectively purchased MyTravel and Thomas Cook and was then listed on the London Stock Exchange under the name of Thomas Cook Group plc.
On 14 February 2008, Thomas Cook bought booking website Hotels4U.com for £21.8 million. On 6 March 2008, the company bought back its licence to operate the Thomas Cook brand in the Middle East and Asia from the Dubai Investment Group for an amount estimated to be around 249 million euros. In April 2008 Thomas Cook bought the luxury travel firm Elegant Resorts from its founders Geoff Moss and Barbara Catchpole for an undisclosed figure. The company took over Preston-based Gold Medal International, owner of NetFlights, in a deal worth £87 million in December 2008.
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Wikipedia