Thomas Cook
Travel / HospitalityUKClosed 2019
Total Raised
Undisclosed
Peak Valuation
Undisclosed
Employees
21,000
Year Collapsed
2019
Business model
Package holiday tour operator and airline.
In brief
One of the world's oldest travel companies, founded in 1841, Thomas Cook carried billions of pounds in debt from a 2007 merger and years of low-margin package holidays competing against online travel agencies. A last-minute £200M rescue bid failed to secure enough additional bank…
See the What Happened tab for the full account.
Key facts
- Founded
- 1841
- Closed
- 2019
- Headquarters
- Peterborough, UK
- Industry
- Travel / Hospitality
- Employees
- 21,000
- Revenue
- $9.60B
- Founders
- Thomas Cook
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Often compared with: TUI Group, Expedia, Booking.com.