A Thomas Cook Rival Is Buying All 555 of the Bankrupted Travel Company's UK Stores

Hays Travel will buy all Thomas Cook's British travel agent shops, potentially saving up to 2,500 jobs, Britain's insolvency agency said on Wednesday, in a rare reprieve for high streets across the country, Business Insider reported. Thomas Cook, the world's oldest travel company whose shops have been a feature of British town centers for generations, collapsed last month, and its UK business went into liquidation. Hays Travel will acquire all 555 stores and look to re-employ former employees from Thomas Cook's retail operations, Britain's Insolvency Service said in a statement. "This agreement [...] provides re-employment opportunities for a significant number of former Thomas Cook employees, and secures the future of retail sites up and down the UK high street," Jim Tucker, Partner at KPMG, said. Read more