Thomas Prepare dinner’s store property has been purchased by impartial journey brokers Hays Journey in a deal that might see it re-employee most of the collapsed journey companies former workers.
Hays, which is the UK’s largest impartial journey agent, has agreed to purchase 555 of Thomas Prepare dinner’s 563 UK shops for an undisclosed sum. It has already recruited 421 of Thomas Prepare dinner’s workers and stated that it had “further offers outstanding” to others.
Hays stated that over 2,500 jobs may very well be saved in complete.
Thomas Prepare dinner fell into liquidation within the early hours of September 23 after its collectors and largest shareholder, the Chinese language conglomerate Fosun, did not agree a deal to save lots of the 178-year outdated journey firm.
Its collapse has had repercussions all over the world with 1000’s of hoteliers left unpaid and its 21,000 workers dealing with redundancy.
Jim Tucker, companion on the accountancy agency KPMG, which was introduced in days earlier than the agency’s collapse to help with any insolvency course of, stated the Hays deal was “an extremely positive outcome”.
“It provides re-employment opportunities for a significant number of former Thomas Cook employees, and secures the future of retail sites up and down the UK high street,” he stated.
The UK excessive avenue is affected by growing numbers of vacant heaps as prospects more and more select to buy on-line and go for meals supply as a substitute of consuming out.
The acquisition of Thomas Prepare dinner’s retailers will see Hays nearly triple its retail property. It at the moment owns 190 retailers within the UK.
Irene Hays, chair of Hays Journey, stated: “Thomas Cook was a much-loved brand and a pillar of the UK and the global travel industry. We will build on the good things Thomas Cook had — not least its people — and that will put us in even better stead for the future.”