When you think of the dream European beach vacation, what’s the first thing that normally springs into your mind? Greece? Spain? The south of France? Bulgaria?
Iberostar
Thomas Cook Buys Time With Spain Divestiture
Beleaguered Thomas Cook has unloaded gold and hotel business in Spain to help slash debt which has crippled their business of late. The 170 year old company will be selling their stake in Hoteles Y Clubs De Vacaciones for a reported £72 million. The news comes in advance of delayed Thomas Cook annual results which will almost certainly spur massive store closings and job losses.