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Thomas Cook relaunched as online-only tour operator

The company is currently only selling holidays to beach resort destinations with no quarantine or FCO restrictions - Getty
The company is currently only selling holidays to beach resort destinations with no quarantine or FCO restrictions – Getty

Thomas Cook has risen from the ashes of its collapse last year, and recommenced selling holidays as an online-only travel company. 

Relaunching today, Thomas Cook will sell holidays via its website and over the phone – but will not have a presence on the high street, nor operate its own flights. Its destinations are, understandably, limited too: the company is only offering trips to beach resort hotspots with no quarantine or FCO restrictions – such as Italy, Barbados, and some areas of Greece. 

The brand is now operating under the ownership of Chinese firm Fosun Travel Group, which acquired the name and other intellectual property assets for £11 million last year. The collapse of the 178-year-old company left 150,000 holidaymakers stranded overseas, sparking Britain’s biggest peacetime repatriation effort. 

The new owners

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Mall Operator Simon And Authentic Brands Jointly Make $305M Stalking Horse Bid For Bankrupt Brooks Brothers

Brooks Brothers Inc. announced Thursday it was seeking a bankruptcy court’s permission to enter an asset purchase deal with Sparc Group LLC, a joint venture between the Barneys and Nautica brands owner Authentic Brands Group LLC and mall operator Simon Property Group Inc (NYSE: SPG).

What Happened

Sparc is offering to buy all of the beleaguered retailer’s worldwide business operations for $305 billion and will continue to operate 125 of Brooks Brother’s retail locations.

A United States Bankruptcy Court for the District of Delaware is due to consider the stalking horse bid — a reference to an initial-bid on assets of a bankrupt company — as well as the bidding procedures on August 3.

The deadline for competing offers has been set for August 5 and the hearing to approve the sale would take place on August 11, 2020.

Brooks Brothers, a two-hundred-year-old retailer, commenced Chapter 11 bankruptcy proceedings earlier

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