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Why Thomas Cook collapsed: How debt, heatwaves and the internet sent travel giant into a spin

  • 📰 The Telegraph
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Why ThomasCook collapsed: How debt, heatwaves and the internet sent travel giant into a spin

The 178-year-old company remains one of the best known on the high street; but now it joins the likes of Woolworths and BHS; famous names which have also disappeared in recent years.

 

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Why did Thomas Cook collapse after 178 years in business?Woeful merger, sky-high debts and internet revolution all left the venerable firm struggling Brexit. Next... Greed at the top. Mismanagement at the top. Exchange rate crash. Brexit uncertainty. Changing consumer habits. Warmer UK summers. Probably in that order. Brexit
Source: The Guardian - 🏆 84. / 53 Read more »