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

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..
Reuters India - Published Also reported by •Reuters

Thomas Cook in talks with Fosun Tourism for £750m rescue deal

thomas cook in talks with fosun tourism for £750m rescue deal
Thomas Cook is in talks on a £750 million bailout that will give its largest investor Fosun Tourism (1992) control of the indebted British group’s package-tour business, in a blow to other..
WorldNews - Published Also reported by •Independent

Videos for Business "Thomas Cook"

Thomas Cook eyes Chinese rescue for tour unit [Video]Thomas Cook eyes Chinese rescue for tour unit

British holiday firm Thomas Cook is in talks over a bailout for its ailing tour business by China's Fosun Tourism. Julian Satterthwaite reports.

Credit: Rumble     Duration: 01:07Published

Stocks climb on trade; yuan falters [Video]Stocks climb on trade; yuan falters

European shares followed Asian stocks higher on Monday after the United States shelved plans to impose tariffs on Mexico. But, as Francis Maguire reports, China's yuan dropped due to lower imports than..

Credit: Reuters Studio     Duration: 01:09Published

 

Thomas Cook rescue plan to give China's Fosun control of tour business

Thomas Cook is in talks with largest shareholder Fosun Tourism and lenders for a 750 million pound ($940.9 million) bailout, a proposal giving the Chinese firm control of the British company's core..
Reuters India - Published

Thomas Cook seeks £750m capita injection from China’s Fosun

Deal would see British travel group hand over control of core tour operator business
FT.com - Published

Thomas Cook close to unveiling rescue deal with Fosun for tour operating business - Sky News

Thomas Cook Group is in advanced talks about a deal with Fosun Tourism and its lenders to recapitalise its tour operating business, Sky News reported on Thursday.
Reuters India - Published

Dutch airline KLM is telling customers to fly less as the aviation industry confronts the 'flight shaming' movement

dutch airline klm is telling customers to fly less as the aviation industry confronts the 'flight shaming' movement
· The Dutch airline KLM launched an environmental campaign titled "Fly Responsibly." · The campaign, which encourages travelers to consider packing lighter, buying carbon offsets, or even flying..
Business Insider - Published

Brexit's Impact on Tourism - H2, 2019 Thematic Research Report: Tourism Industries with a Global Footprint have the Potential to Cruise Through Brexit

Dublin, June 20, 2019 (GLOBE NEWSWIRE) -- The "Brexit's impact on Tourism - Thematic Research" report has been added to *ResearchAndMarkets.com's* offering.Companies that reside within the travel and..
GlobeNewswire - Published

CapAcuity Appoints Senior Consultant and Chief Technology Officer

LAKE MARY, Fla.--(BUSINESS WIRE)--CapAcuity, a leading executive benefits consulting, investment advisory and asset management firm, announced today that it has appointed Thomas Cook as Senior..
Business Wire - Published

Luxury Travel Market to Grow at 7.4% CAGR to Hit USD 354.7 Bn By 2025 – Insights on Emerging Trends, Business Opportunities, Recent Developments, Economic Impact, Growth Drivers and Challenges: Adroit Market Research

Increasing preference towards adventure trips to drive the global luxury travel market. Europe dominated the market with a share of nearly 37% in 2017. A huge number of tourist destinations, high..
GlobeNewswire - Published

Chinese investment company looks at buying Thomas Cook

chinese investment company looks at buying thomas cook
The 178-year-old business was started in the East Midlands
Nottingham Post - Published Also reported by •Leicester Mercury

Thomas Cook confirms it is in talks with China's Fosun over sale of tour operator business

Struggling British travel agent's shares surge 14% after news of potential buyer
Independent - Published Also reported by •FT.comReuters

GTEC Appoints Former CEO of Shoppers Drug Mart and Former Chairman of ALDO to Board of Directors

Kelowna, BC, June 10, 2019 (GLOBE NEWSWIRE) -- GTEC Holdings Ltd. (TSX-V:GTEC) (OTCQB:GGTTF) (FRA:1BUP) (“*GTEC*” or the “*Company*”), a vertically integrated premium cannabis producer, is..
GlobeNewswire - Published

China's Fosun holds talks to buy Thomas Cook's main holiday business

The world's oldest travel company Thomas Cook edged closer to a break up on Monday after its biggest shareholder, China's Fosun Tourism, made a preliminary approach for the British group's core holiday..
Reuters - Published

Thomas Cook in talks with Club Med owner to sell tour operator business

thomas cook in talks with club med owner to sell tour operator business
UK travel company poised for breakup as China’s Fosun makes approach The breakup of the troubled travel company Thomas Cook has moved a step closer after it said it was in talks with the Chinese..
WorldNews - Published Also reported by •FT.comReuters

Thomas Cook receives offer for tour business from China's Fosun

thomas cook receives offer for tour business from china's fosun
The troubled travel firm confirms it is in talks with China's Fosun over a possible offer.
BBC News - Published Also reported by •FT.com

Fosun Tourism in talks to buy Thomas Cook's tour operating business: Sky News

Hong Kong-based Fosun Tourism is in talks to buy Thomas Cook's tour operating business, Sky News reported on Saturday, as the British group faces breakup after issuing three profit warnings in the past..
Reuters India - Published

Thomas Cook tells holidaymakers their trips WILL go ahead despite troubles at company

thomas cook tells holidaymakers their trips will go ahead despite troubles at company
The firm is considering selling its airline business in a bid to reduce its debt
Nottingham Post - Published

Thomas Cook reassures holidaymakers amid plummeting share price branding company 'worthless'

thomas cook reassures holidaymakers amid plummeting share price branding company 'worthless'
The travel company has posted on social media to reassure travellers with trips that 'it's business as usual'
Sleaford Target - Published Also reported by •Staffordshire NewsletterCanterbury TimesWestern Daily PressCheddar Valley GazetteGrimsby TelegraphThanet GazetteShepton Mallet JournalWells JournalFrome StandardFolkestone HeraldLincolnshire EchoGloucestershire EchoBlackmore ValeWestern GazetteCentral Somerset GazetteStroud LifeKent and Sussex CourierLeek Post and TimesGloucester CitizenDover ExpressDerby Telegraph

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