A branch of Thomas Cook travel agent's shop in London on September 21, 2019. The iconic British travel firm has failed to find further private investment to stave off collapse. Photo: Agence France-PresseA branch of Thomas Cook travel agent's shop in London on September 21, 2019. The iconic British travel firm has failed to find further private investment to stave off collapse. Photo: Agence France-Presse
A branch of Thomas Cook travel agent's shop in London on September 21, 2019. The iconic British travel firm has failed to find further private investment to stave off collapse. Photo: Agence France-Presse

Thomas Cook’s demise scuttles Fosun’s goal of creating a global leisure empire spanning airline, tour operator, resorts and shows

  • Thomas Cook Group, which traces its root to Thomas Cook & Sons in London in 1842, went into liquidation on Monday after failing to secure £200 million to keep creditors at bay
  • Fosun had already extended a £900 million financial lifeline to the UK company last month, in exchange for stakes in Thomas Cook’s airline and tour operations
Topic |   Fosun Group
A branch of Thomas Cook travel agent's shop in London on September 21, 2019. The iconic British travel firm has failed to find further private investment to stave off collapse. Photo: Agence France-PresseA branch of Thomas Cook travel agent's shop in London on September 21, 2019. The iconic British travel firm has failed to find further private investment to stave off collapse. Photo: Agence France-Presse
A branch of Thomas Cook travel agent's shop in London on September 21, 2019. The iconic British travel firm has failed to find further private investment to stave off collapse. Photo: Agence France-Presse
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