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The Thomas Cook and Co-operative Travel merger

On Friday October 8 Thomas Cook and Co-operative Travel announced plans to merge their retail businesses.


The deal would create the largest high-street agency chain in the UK, with 1,204 shops and a customer base of 4.3m. It is expected to generate savings of £35m a year.


Concerns about the merger were centred on shop closures and the health of the independent sector, with third-party operators facing the loss of Co-operative Travel as a distribution channel.


Co-operative Group head Peter Marks promised shop closures would be ‘fewer than 100’, while Thomas Cook chief executive Manny Fontenla-Novoa predicted redundancies would be in the hundreds rather than the thousands.


The deal



Opposition



Job losses and shop closures



The independent sector



Analysis and key figures


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