Economy

Hays Travel To Buy 555 Thomas Cook Stores

Hays Travel To Buy 555 Thomas Cook Stores”

Irene Hays, Chair of the Hays Travel Group, said: "Thomas Cook was a much-loved brand and a pillar of the United Kingdom and the global travel industry".

All 555 Thomas Cook shops are to be bought by rival Hays Travel in a move that could save up to 2,500 jobs.

The Altrincham branch of Thomas Cook looks set for an unlikely reprieve after a rival confirmed it would be buying all 555 of the collapsed travel company's high street stores.

Irene Hays, chair of Sunderland-based Hays, said: "Thomas Cook was a much-loved brand and a pillar of the United Kingdom and the global travel industry".

Along with Hays Travel the company also runs the Hays Travel Independence Group, a consortium of independent travel agents, and Just Go Travel.

"I welcome the news that Hays Travel will be purchasing Thomas Cook's real estate, and hope this will provide significant re-employment opportunities for former Thomas Cook employees, alongside the advice and support we will continue to provide to help people find a new job as quickly as possible", she said.

Since then a number of airlines have announced vacancies for former Thomas Cook workers.

"The location where Thomas Cook is based is an important one for our high street and I would very much welcome the store being re-opened and back in use".

Jim Tucker, partner at KPMG, added: "This is an extremely positive outcome, and we are delighted to have secured this agreement".

The company said that in the immediate aftermath of the collapse of Thomas Cook, Britain's oldest travel firm, it offered to help all Thomas Cook apprentices to complete their training at the Ofsted-accredited Hays Travel Academy.

The business is thought to have a licence for six months to occupy Thomas Cook stores, giving Hays time to strike new deals with landlords.

Hays was founded in County Durham 40 years ago and reached £1 billion in sales last year. "We are looking forward to welcoming many more people who share our passion for the travel industry, into our family business".

Hays Travel is one of the top 100 mid-size United Kingdom firms to work for, according to a Sunday Times listing.



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