All 555 Thomas Cook travel agencies in the UK will be available for purchase by the independent travel agency Hays Travel. This acquisition could save 2,500 jobs, according to the BBC.
Hays, based in the British city of Sunderland, reportedly plans to quickly reopen the agencies under its own brand.
Hays has already offered jobs to 600 Thomas Cook employees and plans to make further hires amid rapid expansion.
This acquisition is a very significant one for Hays, given that the agency currently has about 190 units in the UK, and last year recorded sales of £379 million and a profit of £10 million.
Source: Profit
Frequently Asked Questions
How many Thomas Cook agencies is Hays Travel acquiring?
Hays Travel is set to acquire all 555 Thomas Cook travel agencies located across the United Kingdom.
How many jobs will be saved by this acquisition?
The deal is expected to save approximately 2,500 jobs that were at risk following Thomas Cook’s collapse.
What are Hays Travel’s plans for the new locations?
Hays Travel plans to quickly reopen the agencies and operate them under its own brand name.