United Kingdom
United States
Asia Pacific
Chinese investors buy a bit more of Thomas Cook
Chinese investor Fosun International has slightly increased its stake in Thomas Cook following speculation that the tour operator was looking for further investment or a full buyout.
Fosun, which owns Club Med, bought a further 1% of Thomas Cook’s shares, increasing its stake to 18%.
The Chinese company initially bought 5% of Thomas Cook’s shares in 2015, increasing its stake to 11% in 2017 and later increasing this again to 17%.
The two companies also entered into a joint venture, Cook China, a little over 18 months ago, with plans to open two hotels in the country by 2021.
Meanwhile, Thomas Cook shareholders agreed at a general meeting yesterday to temporarily remove the company’s borrowing limits.
The suggestion was put to the vote after the company discovered during an ongoing strategic review of its group airline that it might have exceeded its own borrowing limits.
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
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Gatwick braces for strike