f
  •  
 Reuters. FILE PHOTO: Signage is seen outside a closed Thomas Cook travel agents store near Manchester, Britain Reuters. FILE PHOTO: Signage is seen outside a closed Thomas Cook travel agents store near Manchester, Britain

LONDON (Reuters) - Thomas Cook re-emerged as an online-only travel company on Wednesday, backed by its Chinese owners, a year after the high-profile collapse of the British company left thousands stranded, out of work and out of pocket.

China-based Fosun Tourism Group (HK:1992), which was the biggest shareholder in the original Thomas Cook and also owns Club Med, said it was reviving the name to sell holidays online, having bought the brand and online assets last November.

Thomas Cook was founded in 1841 and was the world's oldest travel firm until it went bankrupt in September 2019, some six months before the COVID-19 pandemic wreaked havoc across the travel industry.

The new Thomas Cook will sell holidays to destinations on Britain's safe travel corridor list including Italy, Greece and Turkey, the company said in a statement on Wednesday.

But the timing of the launch during the pandemic could raise eyebrows. Many airlines and holiday companies have been brought to their knees, including the world's biggest travel company TUI Group, which has had to rely on German state support.

Thomas Cook's UK CEO Alan French said that launching during the pandemic posed short term challenges but Fosun was taking a long-term view.

"Our new business will combine fantastic UK-based customer service with an updated operating model protected by Atol and with the backing of a multi-billion-dollar organisation," he said.

Atol is a UK financial protection scheme for holidays, giving customers confidence in their booking.

Fosun said Thomas Cook's relaunch in Britain would support the growth of the brand in China.


Other relevant articles 
[2020-09-15 17:30:05] U.S. imposes sanctions on state-owned Chinese firm over Cambodia...
[2020-09-15 14:20:03] Opening Bell: U.S. Futures Extend Rally, Dollar Weak, Oil Under...
[2020-09-14 07:35:21] Chinese automakers announce targets to raise hydrogen vehicle...
[2020-09-12 11:15:21] Families of captured Hong Kong activists demand their return from...
[2020-09-11 13:50:11] Chinese President Xi calls for faster technology innovation - state media
[2020-09-11 12:35:11] As U.S. cracks down on more Chinese firms, global banks scramble to manage risk
[2020-09-10 20:40:08] U.S. senator asks for CFIUS review of GNC purchase by Chinese company
[2020-09-09 08:20:06] Virgin Australia to cull a third of its Boeing 737 fleet under...
[2020-09-09 06:05:06] Chinese Factory Gate Prices Point Towards Continuous Recovery,...
[2020-09-08 21:00:08] Chinese voice-chat app Yalla files for U.S. IPO
[2020-09-07 09:55:21] Cheap seats give Chinese airlines a much-needed passenger bounce
[2020-09-07 08:05:21] Gold Up Over Weak U.S. Jobs Data, Mixed Chinese Trade Data
[2020-09-04 11:10:10] Exclusive: Taking power - Chinese firm to run Laos electric grid...
[2020-09-03 10:00:26] China strongly opposes India banning Chinese mobile apps:...
[2020-09-03 06:05:06] Asian Stocks Mixed, With Both Japanese and Chinese PMIs Missing...
[2020-09-01 08:30:03] European Stocks Seen Largely Higher, Helped by Chinese Recovery
[2020-09-01 07:25:06] Chinese Factory Activity Bolstered Over 2020’s First New Export...
[2020-08-31 07:10:21] Chinese Factory Data Slips, But Services Sector Sees Rebound, in...
[2020-08-31 06:50:22] Gold Up Over Weak Dollar, Mixed Chinese and Japanese Data
[2020-08-31 05:30:22] Asian Stocks Up Over Surprise Rise in Chinese Service Sector
[2020-08-31 01:25:21] Chinese investors snap up Hong Kong property as new security law deters...
[2020-08-28 21:40:16] Ackman sees more gains for his portfolio, urges stock ownership...
[2020-08-28 20:40:11] Trump administration says Sinochem and others backed by Chinese...
[2020-08-27 19:20:08] Chinese EV maker Xpeng shares jump 54% in NYSE debut
[2020-08-27 10:15:11] We share workers: Chinese factories redeploy staff to weather pandemic blow
[2020-08-27 10:00:12] Exclusive: Alibaba in talks to hike stake in Chinese courier YTO Express
[2020-08-26 15:20:07] U.S. targets Chinese individuals, 24 cos amid South China Sea...
[2020-08-25 22:50:05] Canadian, Chinese foreign ministers meet amid tensions over...
[2020-08-25 14:20:04] JPMorgan to pay $1 billion for full ownership of China mutual...
[2020-08-25 14:05:03] Hong Kong activist warns West to shun Chinese technology ties
[2020-08-25 02:55:25] Top U.S., Chinese official optimistic on Phase 1 trade deal after...
[2020-08-24 01:25:21] Chinese banks to post first first-half profit drop in over a decade amid...
[2020-08-23 13:30:19] Chinese premier says economy could grow this year: state radio
[2020-08-21 18:50:11] Chinese EV maker XPeng looks to raise up to $1.11 billion in U.S....
[2020-08-20 22:10:08] U.S. Commerce investigates possible dumping of Chinese chassis...
[2020-08-20 05:55:08] Taiwan to stop local sales for Chinese TV streaming services, not...
[2020-08-19 07:45:07] Ownership change for TikTok Japan unit could address concerns,...
[2020-08-14 13:20:20] Chinese firms hit by new import hurdles in India, sources say
[2020-08-14 08:00:15] Chinese Data withs Factory Casts Doubt on Economic Recovery
[2020-08-14 02:45:10] Ship owners sailing four Iranian fuel cargoes to U.S. for seizure: sources
[2020-08-13 16:45:07] Chinese firms flood into U.S. IPOs despite delisting threat
[2020-08-12 12:25:06] Investors revalue Chinese tech giants after U.S. ban
[2020-08-11 20:40:04] India raids Chinese entities for money laundering
[2020-08-11 01:10:27] Chinese firms that do not meet U.S. standards to be delisted as...
[2020-08-10 13:10:42] Huawei to stop making flagship chipsets as U.S. pressure bites,...
[2020-08-10 05:30:24] Asian Stocks Up Over Easing Chinese Factory Deflation
[2020-08-09 19:25:19] Ecuador navy surveils huge Chinese fishing fleet near Galapagos
[2020-08-08 12:40:18] Huawei to stop making flagship chipsets as U.S. pressure bites, Chinese media...
[2020-08-08 09:15:16] Chinese EV maker Xpeng files for U.S. listing after rival surges
[2020-08-07 17:50:11] U.S.-listed Chinese stocks fall as Trump takes aim at WeChat,...
[2020-08-07 07:20:10] Chinese Customs Data Present Mixed Picture For Chinese Economic...
[2020-08-07 04:10:10] Trump issues orders for U.S. ban on WeChat, TikTok in 45 days
[2020-08-06 23:10:09] Trump advisers urge 2022 delisting of U.S.-listed Chinese cos...
[2020-08-06 10:10:07] China says it is firmly opposed to U.S. action to block Chinese...
[2020-08-05 14:05:08] EU extends anti-dumping duties on Chinese steel
[2020-08-04 19:45:04] U.S. to act on TikTok, other Chinese apps in coming days: White...
[2020-08-04 10:00:09] Beijing threatens retaliation over U.S. actions against Chinese...
[2020-08-04 08:00:08] Chinese investors shift to money market funds as equities turn...
[2020-08-03 11:45:23] Chinese artificial intelligence company files $1.4 billion...
[2020-08-03 08:15:23] Exclusive: Trump gives Microsoft 45 days to clinch TikTok deal
[2020-08-03 08:10:22] TikTok owners will relocate to London from Beijing, Sun newspaper says
[2020-08-02 16:45:19] Trump to act on Chinese software companies in coming days, Pompeo...
[2020-07-31 16:35:10] Chinese electric vehicle maker Xpeng raises another $300 million,...
[2020-07-31 04:30:11] EU sanctions Russian intelligence, N.Korean, Chinese firms over...
[2020-07-31 03:05:09] Chinese Oil Giant CNPC Eyes BP’s $1.5 Billion Stake in Oman Gas Field
[2020-07-30 20:05:08] Exclusive: Chinese-backed hackers targeted COVID-19 vaccine firm...
[2020-07-29 12:55:07] Hin Leong owners try to block OCBC from picking at shipping units
[2020-07-29 09:00:10] Chinese banks urged to switch away from SWIFT as U.S. sanctions...
[2020-07-28 17:21:23] U.S. homeownership rate rises to highest level since 2008
[2020-07-28 16:35:04] Homeownership Rate in the U.S. Soars to Highest Level Since 2008
[2020-07-28 10:45:04] HSBC warned over Huawei role in Chinese government-backed website...
[2020-07-27 03:30:31] U.S. Lowers Flag Over Chinese Consulate as Diplomats Kicked Out
[2020-07-25 12:15:16] Chinese electric vehicle maker Li Auto aims to raise up to $950...
[2020-07-25 00:15:15] Anti-communist protesters heckle staff emptying Chinese consulate...
[2020-07-24 18:50:11] EU to limit exports to Hong Kong after Chinese clampdown
[2020-07-24 01:15:10] Alibaba Cloud helps Chinese students, foreign schools scale Great...
[2020-07-23 06:40:06] Chinese online grocer MissFresh raises $495 million in latest...
[2020-07-22 22:00:12] Senior U.S. diplomat backs foreign students, including Chinese
[2020-07-22 00:45:22] U.S. lawmaker urges Trump administration to seek tougher rules...
[2020-07-21 17:40:04] U.S. accuses Chinese nationals of hacking spree targeting COVID...
[2020-07-20 14:30:32] Starbucks expands Chinese order services to multiple Alibaba apps
[2020-07-20 13:20:22] Reliance-Google smartphone deal in India threatens Chinese firms
[2020-07-18 15:05:14] Chinese ports hit capacity as virus tests slow clearing: shippers
[2020-07-17 19:05:11] Owners of auction website Allegro aim for Warsaw listing in...
[2020-07-17 15:10:11] Apple to Gain a New Chinese iPhone Maker During a Trade War
[2020-07-16 19:35:07] Trump administration weighs U.S. travel ban on Chinese Communist Party members, source says
[2020-07-15 23:45:10] Big Day Ahead for FX: ECB, U.S. Retail Sales, Chinese GDP And More
[2020-07-15 20:40:08] Trump rules out additional sanctions on top Chinese officials for now: Bloomberg News
[2020-07-15 18:00:12] Pompeo says U.S. to have decisions soon on Chinese technology firms, apps
[2020-07-15 10:15:07] Chinese mutual fund industry sees jump in new funds and inflows
[2020-07-14 22:00:08] Exclusive: Trump administration to soon end audit deal...
[2020-07-14 18:50:03] Traders Set Record Bets on Amazon, Chinese Stocks Jumping Higher
[2020-07-14 18:40:03] India quizzing owners of banned Chinese apps over content and...
[2020-07-11 16:55:26] Exclusive: India asks court to stymie potential challenge to Chinese app ban
[2020-07-11 11:50:24] Chinese EV maker Li Auto files for U.S. listing
[2020-07-11 11:30:15] Chinese banks must brace for surge in bad loans - regulator
[2020-07-11 08:15:16] Badminton: BWF seeking further advice on Chinese tournaments
[2020-07-10 13:45:11] Hedge fund index dampens Chinese zeal for long-only bets
[2020-07-10 03:35:12] South Korea finance minister says will raise tax rates for...
[2020-07-09 17:50:09] U.S. slaps sanctions on four Chinese individuals, including...