C&N Touristic to reveal plans for Thomas Cook

Report by Steve Jones

German operator C&N Touristic will reveal further details of its plans for Thomas Cook next month after the European Commission approved the £550 million takeover.

C&N chief executive Stefan Pichler and Thomas Cook chief executive John Donaldson will hold a joint briefing at the ITB travel exhibition in Berlin, at which Pichler is expected to announce plans for the Europe-wide roll-out of Thomas Cook as a premium brand.

However, the integration process cannot begin until the EC gives approval to Thomas Cook’s sell-off of its Global and Financial Services Division to Travelex. Approval for this is expected within the next two weeks in time for the announcement in Germany.