Thomas Cook offloads corporate forex business
Tuesday, 18 Nov, 2013
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Thomas Cook has announced the sale of its UK corporate foreign exchange business for £4.5 million.
But the tour operator has emphasized this does not include its retail foreign exchange business which will still be offered to customers in its stores and online.
The sale of Thomas Cook CFX Ltd to Moneycorp is in line with the company’s plan to focus on its core retail customer base.
Harriet Green, group chief executive Thomas Cook Group plc, said: "Consistent with our commitment to simplify our brands, proposition and products, I am pleased to announce the sale of our corporate foreign exchange business.
"This will allow us to focus more on our core retail customer base and continue to deliver our profitable growth strategy."
Diane
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