THOMAS COOK

Rival buys all 555 Thomas Cook stores

All 555 Thomas Cook stores to be bought by rival Hays Travel

In Summary

• All 555 Thomas Cook stores to be bought by rival Hays Travel in a move that could save up to 2,500 jobs.

• The move is a significant boost for Hays, which currently has 190 shops around the UK.

Passengers leave an airplane with the Thomas Cook livery at Manchester Airport, Manchester, Britain September 23, 2019. REUTERS/Phil Noble
Passengers leave an airplane with the Thomas Cook livery at Manchester Airport, Manchester, Britain September 23, 2019. REUTERS/Phil Noble

All 555 Thomas Cook stores to be bought by rival Hays Travel in a move that could save up to 2,500 jobs.

The independent travel agent is buying the stores from the Official Receiver which was called in when Thomas Cook collapsed last month.

Hays has already recruited 421 former Thomas Cook staff and the deal is expected to save thousands of more jobs.

The move is a significant boost for Hays, which currently has 190 shops around the UK.

The Official Receiver described the sale as an "important step" of the 178-year-old chain's future.