Thomas Cook and The Co-operative Group are to merge their travel retail networks, creating the UK’s largest chain of high-street agencies.

Below we look at the key figures and dates behind the surprise deal:


Total combined shops: 1,204
Total shops with addition of Midlands Co-op: 1,307
Midlands Co-operative: 103
Co-op homeworkers: 345
Co-op franchise Freedom Travel: 148


Thomas Cook retail staff: 6,000
The Co-operative Travel staff: 2,900
Midlands Co-operative staff: 845


Cost of staff redundancy payments: £13 million
Cost of shop/office closures: £7 million
Total cost of rationalisation in first year: £30 million
Cost of merger before closures/redundancies: 0
Forecast annual savings within two years: £35 million


Thomas Cook retail operating profit 2009/10: £12.4 million
The Co-op Travel operating profit 2010: £100,000
Midland Co-op travel profit 2009: £1 million


Thomas Cook retail annual revenue: £264 million
The Co-operative Travel revenue: £94 million

Shops by region

 Thomas Cook Co-operative Travel 
London/South East/East Anglia21284
South West15812
Northern Ireland9824

Shop leases expiry

 Thomas CookCo-operative Travel 
Expiring in one year9926
Expiring in 2-5 years359105

Customers and sales

Combined customer base: 4.3 million
Co-operative Group members: 5 million
Thomas Cook in-house sales: 69%
Thomas Cook in-house package sales: 73%
Thomas Cook mainstream package sales through shops: 64%
Thomas Cook mainstream packages sold through Co-op: 12%
Forecast in-house sales through joint operation: 80%

The deal

Thomas Cook shares in company: 70%
Co-operative Travel shares in company: 30%
Period before one partner can buy full control: 5 years
Minimum dividend to Co-op in first 4 years: £40 million