Thomas Cook to shut 200 shops
Thomas Cook is not commenting on reports it is to shut 200 shops following its business review.
The number of closures have increased significantly from the 75 indicated earlier this year following the merger between Co-Operative Travel and Thomas Cook but is said to be due to the changing UK market.
The operator says full details will be announced when the outcome of its 'strategic review' is made public on November 24.
A spokesman said: "Thomas Cook announced earlier this year that its new UK management team would be announcing the results of the UK review on the 24 November.
"As part of the review the management said it would announce measures to refocus the product strategy in mainstream package holidays, streamline the UK airline, improve yield management and operational excellence and measures to leverage the strong and trusted Thomas Cook
brand.
"We will announce the outcome of all of these areas on Thursday."
The analyst briefing by interim chief executive Sam Weihagen and chief financial officer Paul Hollingworth will follow the company’s annual results on Thursday morning.
Weihagen may also order a review of Thomas Cook’s brand portfolio.
The Sunday Times reported that he wants to ‘move away from cheap package holidays where profit margins are notoriously thin.”
The newspaper also said that the 200 closures and other disposals were to ‘clear the decks’ for an incoming chief executive following Manny Fontenla-Novoa’s resignation in August.
Diane
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airlines suspend Madagascar services following unrest and army revolt
Airbnb eyes a loyalty program but details remain under wraps
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026