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Thomas Cook to set out strategy
TRAVEL group Thomas Cook will this week unveil its latest plans to turn around its fortunes, following an in-depth review of the business led by new chief executive Harriet Green.
Green, who was appointed in July 2012, was tasked with shaking up the company after a string of profit warnings.
Reports at the weekend said the firm was considering selling its Neilson skiing brand to help pay down a £1.6bn debt pile, though a spokesperson declined to comment on “pure speculation”.
The world’s oldest travel group said earlier this month that Condor, its German airline brand, Thomas Cook Airlines UK and Thomas Cook Airlines Belgium would become one airline segment within the group from 1 March.