Buzz People

Thomas Cook's 555 shops to be bought by rival

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 independent travel agent is buying the shops from the Official Receiver, which was appointed when Thomas Cook collapsed last month.
Sunderland-based Hays said it planned to reopen the shops under its own brand with immediate effect.
Hays has already offered jobs to 600 Thomas Cook staff and it plans to hire more as part of its rapid expansion.
The move is a significant step for Hays, which currently has 190 shops across the UK.
John Hays, who set up the the company 40 years ago, said: "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".
He and his wife Irene own the business which has 1,900 staff and last year had sales of £379m, reporting profits of £10m.
The price of the deal was not announced.
Irene Hays, chair of Sunderland-based Hays, said: "Thomas Cook was a much-loved brand and a pillar of the UK and the global travel industry.
https://www.bbc.co.uk/news/business-49985369
 
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