Thomas Cook Group

Fosun buys Thomas Cook, eyes Greek market

Chinese company Fosun has agreed to acquire 75 percent of UK group Thomas Cook's tour operations and 25 percent of its airline business for 450 million pounds (497 million euros) while the group's creditors - banks and bondholders - will put up a similar amount to buy 25 percent of the tour business and 75 percent of the airline business.

Thomas Cook expands in Greece

Leading British tour operator Thomas Cook announced this week that it has acquired two new properties in Greece, which will take its total number of hotel units in this country to four.
The operator has bought out Casa Cook Kos, a 100-room unit that it has been operating on the Dodecanese island and which has been the most profitable unit bearing the company's name.

Thomas Cook to target more image-conscious audience

Thomas Cook is abandoning its raucous "Club 18-30" brand to target an image-conscious audience wanting more stylish holidays, the British tour operator said on Thursday.

Thomas Cook, set up in 1841 and a pioneer of package holidays, said demand for holidays in Turkey, Greece and Egypt would help it meet forecasts this year.