Post by Humberside on Oct 8, 2010 9:07:44 GMT
From
www.travelweekly.co.uk/Articles/2010/10/08/34843/thomas-cook-and-co-operative-retail-stores-to-merge.html
I belive Humberside Airport Travel is affiliated to Freedom Travel
www.travelweekly.co.uk/Articles/2010/10/08/34843/thomas-cook-and-co-operative-retail-stores-to-merge.html
Jobs are at risk as the UK’s largest high street travel agency chain is being formed through a tie-up between Thomas Cook and The Co-operative Group.
Each company will contribute their entire retail travel estates in the UK, comprising 803 and 401 shops respectively, together with their foreign exchange and cruise operations.
In addition to its retail shops, The Co-operative Travel will bring its home working business with 345 staff, its national corporate travel business, its web and call centre operations and Freedom Travel, its franchise group which serves 148 members.
The merged entity will not include Thomas Cook's online travel business, ThomasCook.com, or any of its UK tour operating businesses.
Thomas Cook will have 70% of the shares in the new company and The Co-operative Group will have a 30% shareholding. There will be no cash consideration at completion, the two companies said.
Each company will contribute their entire retail travel estates in the UK, comprising 803 and 401 shops respectively, together with their foreign exchange and cruise operations.
In addition to its retail shops, The Co-operative Travel will bring its home working business with 345 staff, its national corporate travel business, its web and call centre operations and Freedom Travel, its franchise group which serves 148 members.
The merged entity will not include Thomas Cook's online travel business, ThomasCook.com, or any of its UK tour operating businesses.
Thomas Cook will have 70% of the shares in the new company and The Co-operative Group will have a 30% shareholding. There will be no cash consideration at completion, the two companies said.
I belive Humberside Airport Travel is affiliated to Freedom Travel