Thomas Cook Co-op merger gets go-ahead

Co-op and Thomas Cook are to create the UK’s largest high street travel agent after the Competiton Commission gave the green light to their proposed joint venture today (16 August).

/o/d/x/thomascook.jpg

The approval sanctions a merger between Thomas Cook, The Co-operative Group’s travel division and The Midlands Co-operative Society’s high street travel agent businesses, creating a company with an estate of 1,240 travel agent stores.

The announcement confirms provisional findings published last month which ruled the new venture was not likely to reduce competition in the high street package holiday market.

The merger is likely to trigger changes in the marketing teams at the three brands to avoid duplication of roles. Thomas Cook’s UK & Ireland retail chief executive Ian Derbyshire recently left to join his family child activity centre business, shortly after the departure of Thomas Cook chief executive Manny Fontenla-Novoa.

Derbyshire’s departure was planned for earlier this year but he stayed to see through the CC investigation. Former managing director of sales Simon Robinson is taking over as leader for the joint venture when the deal is completed, which is expected to be in early October.

Recommended

Knowledge Bank

Comments

    Leave a comment

    Close

    Discover even more as a subscriber

    This article is available for subscribers only.

    Sign up now for your access-all-areas pass.

    If you're an existing paid print subscriber find out how to get access here.

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now

    Got a question?

    Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

    If you are looking for our Jobs site, please click here

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now