Great news this morning – A rival of Thomas Cook, Hays Travel are buying all of their stores.
Hays Travel has already recruited 421 former Thomas Cook staff and the deal is expected to save thousands more jobs.
Hays already has 190 shops across the UK.
From the official receiver handing the administration:
I am pleased to announce we have reached an agreement with Hays Travel to acquire Thomas Cook’s entire UK retail estate, comprising 555 stores across the country.
This represents an important step in the liquidation process, as we seek to realise the company’s assets.
Hays also runs the Hays Travel Independence Group, a consortium of independent travel agents in the UK.
Hays brands include Just Go Travel which trades predominantly across the North West of England.
Visit Hays Travel
From Hays Travel Chair Irene Hays:
Thomas Cook was a much-loved brand and a pillar of the UK and the global travel industry. We will build on the good things Thomas Cook had – not least its people – and that will put us in even better stead for the future.
We all share a passion for the travel industry and we want to continue to build the company’s reputation for first class service and being a great place to work and develop a career.
And from their Managing Director, John Hays:
Our staff were devastated to hear about Thomas Cook and we all immediately felt we wanted to help.
In the last two weeks we have already employed or offered jobs to around 600 former Thomas Cook colleagues, and it has been a very emotional experience for them. Now that we are able to re-open the shops, we are looking forward to welcoming many more people who share our passion for the travel industry, into our family business.
I’m very proud of the fantastic team who have helped me build Hays Travel over almost 40 years and they have worked tirelessly over the last couple of weeks to bring this about. It is a game-changer for us, almost trebling the number of shops we have and doubling our workforce – and for the industry, which will get to keep some of its most talented people.