Thomas Cook: The Scoop
What happened? On Monday, September 23 2019, the world’s oldest travel tourism company went bankrupt, leaving around 600,000 Thomas Cook customers stranded on vacation (of whom around 150,000 were British). The 178-year-old company was unable to secure the outstanding £200 million that was required to keep the business afloat. Following a weekend of meetings with the company’s largest shareholders and creditors, when this sum was established, the company went under. UK Government officials have voiced concern that this could possibly…
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