Cheaperholidays travel advice section, Travel health to Foreign travel tips.
Thomas Cook – Major shareholder in trouble?.
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Latest consumer advice: It appears that the German retail and tourism group Arcandor, who currently own 52% of Thomas Cook, may be in trouble and are looking for a handout from the German government
The Thomas Cook Group has denied it would suffer from the possible collapse of its majority shareholder.
While reports are circulating that Arcandor is currently seeking a handout from the German government amid fears of a collapse, a Thomas Cook Group spokeswoman said this would not affect the group.
She added: “While Arcandor is Thomas Cook’s major shareholder, as a business we are completely separate and independent.
“We are not impacted at all by their current financing issues.”
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Ive just come back from a TC holiday in Italy. They called the day before departure and “bumped” us to another town and hotel,nothing like what we wanted.They claimed an overbooking error but we found out that Hotel susy in Riminithrew out all TC bookings on Sat.27th.June and have been doing so since.TC placing clients anywhere they can. I came home early and am claiming compensation. Be very careful with TC something is well wrong.