Thomas Cook, one of the world's largest tour operators, was put into administration earlier this month as it failed to secure a rescue deal from the British Government. Advisory
September 29, 2019

Case Study: Thomas Cook plc, A lesson to be learned

The oldest Travel Agent 178 years collapsed and went into administration in the UK on 23rd September 2019. It was founded in 1841 in Leicestershire by Thomas Cook a cabinet-maker. Prior to the collapse, it’s revenue was £9bn, it had 19 million customers, 22,000 staff in 16 countries. What happened? Thomas Cook which is German-owned…

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POSTED BY

Paul Wan, FCA