United Kingdom
United States
Asia Pacific
Commission delay on Thomas Cook merger
A final ruling on Thomas Cook’s proposed merger with the Co-operative Group will be delayed until October, despite being given a provisional go-ahead by the Competition Commission last week.
The Commission has announced that the deadline for the investigation has been put back to October 11, from August 16.
However, the Commission gave provisional clearance for the deal, which will create a chain of more than 1,200 high street agents, on July 21 and is not expected to change that ruling. The deadline for final submissions on the merger remains August 11.
“We have to give this proper consideration,” said a Competition Commission spokesman. “Five days [between the deadline for final submissions and a decision] wasn’t very long to do anything but publish the final report. We have to run a fair process.
“The provisional findings were published quite late compared with the normal schedule. Taking time to consider responses is going to take us past the original deadline.”
The Commission could issue the ruling ahead of the new deadline, as the eight-week extension is only an option.
A spokeswoman for Thomas Cook said she did not expect it to delay the completion of the deal, which is expected before the end of its current financial year, which ends in September.
Â
by Jeremy Skidmore
Jeremy Skidmore
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
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel