Cosmos reports slow 2002 business

COSMOS’ ongoing distribution problems have impacted on summer 2002 business with sales down by more than a third.

The performance heaps further pressure on the operator with speculation mounting that its owners, the Mantegazza family, are preparing to sell.

Observers said Cosmos has inevitably suffered as the multiples pull out all the stops to secure early sales for in-house product.

Cosmos commercial director Stuart Jackson said the fall in sales was due to the late launch of its all-inclusive and Greece and Turkey brochures.