Thomas Cook seems an interesting business.
It has 1,350 branches,
owns some hotels
arranged several million holidays last year
has loans of £950 million
got £100 million from their consortium of banks 6 weeks ago
Now needs more finance to tide them over the slow winter months.
They have been profitable for over a hundred years, and are a household
name in the High Streets.
What's gone wrong?
The tourist spots they specialised in have been hit by turmoil, Tunisia and Egypt.
People buy holidays online.
Not as many people are going on holidays, due to lack to money as household
budgets get squeezed in deficit-cutting Britain.
Is this an out-dated High Street business that is going to phase out?
Or is it an otherwise viable business going through a tough patch?
Are there possible solutions?
It occurs to me, there is one.....a possibility.
If any of the Thomas Cook management wish to know, please contact.