The
Official Receiver and Special Managers from KPMG have announced this morning (Wednesday) that an
agreement has been reached with Hays Travel Limited to acquire Thomas Cook’s
entire UK retail estate.
The
agreement will see Hays Travel acquire a total of 555 stores around
the UK, providing re-employment opportunities for a significant number of
former employees of Thomas Cook’s retail operations who were made redundant
following the appointment of the Official Receiver as liquidator on 23
September 2019.
Hays Travel is the
country’s largest independent travel agent. The company also runs the Hays
Travel Independence Group, a consortium of independent travel agents, in
addition to operating a subsidiary business, Just Go Travel, which trades under
the Hays Travel brand predominantly across the North West of England.
Following
the appointment of the Official Receiver last month, Hays Travel have already
recruited 421 former Thomas Cook personnel and have further offers outstanding
to former employees.
David
Chapman, Official Receiver, said: “I am pleased to announce we have reached an
agreement with Hays Travel to acquire Thomas Cook’s entire UK retail estate,
comprising 555 stores across the country. This represents an important step in
the liquidation process, as we seek to realise the company’s assets."
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