The Thomas Cook Group has denied it would suffer from the possible collapse of its majority shareholder.
German retail and tourism group Arcandor currently owns 52% of the group’s shares following its flotation on the London stock exchange in June 2007.
While reports are circulating that Arcandor is currently seeking a handout from the German government amid fears of a collapse, a Thomas Cook Group spokeswoman said this would not affect the group.
She added: “While Arcandor is Thomas Cook’s major shareholder, as a business we are completely separate and independent.
“We are not impacted at all by their current financing issues.”