Why did Thomas Cook collapse after 178 years in business?

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Woeful merger, sky-high debts and internet revolution all left the venerable firm struggling

Why did Thomas Cook fail after 178 years in business? The immediate answer is that it was unable to secure a £200m lifeline from its bankers, including government-owned RBS.

 

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kayne spooll misstre osster klick im

Because of old age ....

Brexit

Clarksons, Freddie Laker and credit cards

The EU

The internet.

Easy Jet.

Greed at the top. Mismanagement at the top. Exchange rate crash. Brexit uncertainty. Changing consumer habits. Warmer UK summers. Probably in that order.

Brexit

Brexit. Next...

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