United Kingdom
United States
Asia Pacific
Bidders line up for Thomas Cook’s profitable Scandinavian brands
Thomas Cook’s Northern European business, which includes its operations in Sweden, Norway, Denmark and Finland, is expected to be sold before Christmas.
A spokeswoman for the Danish unit said it had attracted bids from more than 10 parties following the collapse of the parent company in the UK last month.
Thomas Cook’s Northern European arm includes profitable brands such as Ving in Sweden, Spies in Denmark and Tjareborg.
It has been able to continue to operate since its parent Thomas Cook went into involuntary liquidation in the UK as it is a separate legal entity.
A source close to Ving said: "We’re not surprised there is a lot of interest in buying the brand, it is really very profitable, it’s a cash-cow in fact."
Lisbeth Nedergaard, a spokeswoman for Spies, told Reuters: "We are now closer than ever and it (the process to find a buyer) will definitely be concluded before Christmas."
Earlier this month, a non-binding bid was made from an unnamed investor.
Private equity group Triton, which tried to buy Thomas Cook’s Northern European business earlier this year, is among the interested buyers, according to Nordic media and Sky News, all citing unnamed sources.
Triton, which owns Sunweb, declined to comment.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’