United Kingdom
United States
Asia Pacific
Hays Travel paid just over £6 million for Thomas Cook shop licenses
Hays Travel paid just over £6 million for the licenses for Thomas Cook’s 555 shops, it has emerged.
The figure was confirmed during a probe into Thomas Cook’s collapse by the Business, Energy and Industrial Strategy Committee which continued today.
MPs were told the Official Receiver was satisfied the Hays Travel deal was the best outcome for creditors with there being ‘little or no value’ around some of the stores.
"The recommendation was that this was the best deal on the table," Insolvency Service CEO Dean Beale told the committee.
He also confirmed that the Official Receiver would investigate whether the bonuses of former directors can be clawed back.
Former CEO Peter Fankhauser has already refused to give back any of the £558,000 he received in 2017.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
BA suspending all Heathrow to Abu Dhabi flights
Unexpected wave rocks cruise ship
Report: Cruise guest died after ship lashed in heavy storm
British teen in serious condition after paraglider collision
JetBlue scraps London Gatwick flights