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Thomas Cook enlists China's Fosun to salvage oldest travel firm

Reuters Friday, 12 July 2019
Thomas Cook is negotiating a 750 million pound ($941 million) rescue that will give Fosun Tourism , its biggest investor, control of the indebted British group's package-tour business, in a blow to other shareholders.
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News video: Thomas Cook rescue talks 'tremendous news' for customers

Thomas Cook rescue talks 'tremendous news' for customers 00:46

Travel editor at The Independent Simon Calder says the Thomas Cook rescue deal talks are "tremendous news" for the travel company's employees and holidaymakers but described the news as "another disaster" for shareholders. Thomas Cook is in talks with banks and its largest shareholder - the Chinese...

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