Thomas Cook will re-focus its business on just three key brands in the UK and a fourth in Germany now that the group has been “stabilised”.
The company has yet to identify the three UK brands publicly. However, chief executive Harriet Green said today: “Thomas Cook is a super brand. Airtours is a great brand. Hotels4u is a great brand.”
She added: “In Germany we have a powerful brand in Neckermann.”
Green made clear the UK will see consolidation given the multiple brands the group currently operates.
She said: “We have a number of brands that are competing or duplicating or not adding value and we will consolidate and make things simpler and clearer.”
Green added: “We are not going to communicate this through the press.”
However, she said: “Thomas Cook was built through acquisitions. We have 18 separate [UK] locations with management teams and head offices.
“There had been lots of acquisitions, but it seems the synergies stayed in the boardroom. I found little evidence of integration.
“We had this period of buying lots of businesses that did the same with different names. Now we are focusing on a few brands.”
Green took over at Thomas Cook last July and she said: “The first 32 weeks have been been about the turnaround. For the next 32 weeks we are into transformation.”
She insisted: “There is no intention of shrinking, but of being simpler.”
In Germany, Thomas Cook operates leading airline Condor alongside Neckermann, but as a separate business. The carrier is now in the process of absorbing Thomas Cook Airlines UK as part of a single airline structure.
Thomas Cook UK was acquired by Condor and Neckermann, or C&N, in 2000 and the Cook name extended across the group.
However, Condor and Neckermann remain leading brands in Germany, Europe’s biggest travel market.
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