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Gloucestershire Business News

Six Gloucestershire Thomas Cook shops close as travel agent goes into liquidation

Thomas Cook's Eastgate Street store in Gloucester was plunged into darkness this morning in a scene repeated all over the country following the company entering liquidation overnight.

The 178-year-old firm collapsed overnight putting a reported 22,000 jobs at risk and leaving an estimated 150,000 British holidaymakers stranded overseas.

The Civil Aviation Authority are working on plans for the repatriation of all customers that are impacted by the company going into liquidation.

All flights with the company's airline have been grounded and all of the company's extensive network of shops have been closed.

Thomas Cook had branches on Eastgate Street in Gloucester, the High Streets in Cheltenham, Stroud and Tewkesbury and on Cricklade Street in Cirencester. It had also operated a concession in Cheltenham's Waitrose store.

Peter Frankhauser, chief executive of Thomas Cook said: "We have worked exhaustively in the past few days to resolve the outstanding issues on an agreement to secure Thomas Cook's future for its employees, customers and suppliers.

"Although a deal had been largely agreed, an additional facility requested in the last few days of negotiations presented a challenge that ultimately proved insurmountable.

"It is a matter of profound regret to me and the rest of the board that we were not successful. I would like to apologise to our millions of customers, and thousands of employees, suppliers and partners who have supported us for many years.

"Despite huge uncertainty over recent weeks, our teams continued to put customers first, showing why Thomas Cook is one of the best-loved brands in travel.

"Generations of customers entrusted their family holiday to Thomas Cook because our people kept our customers at the heart of the business and maintained our founder's spirit of innovation.

"This marks a deeply sad day for the company which pioneered package holidays and made travel possible for millions of people around the world."

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