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Sam Weihagen

Thomas Cook Buys Time With Spain Divestiture

2011-12-14 by Delia Gavrilescu

Thomas Cook

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.

Tags: debt, Hoteles Y Clubs De Vacaciones, Iberostar, Sam Weihagen, Spain hotels, Spain travel, Spain vacations, TC, thomas cook, travel agencies, travel agency, travel companies




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