Thomas Cook Update – Arcandor
Thomas Cook would like to reassure its customers and suppliers that there is no cause for concern following the announcement from Arcandor AG, Thomas Cook Group plc's majority shareholder, that it has on 9 June 2009 applied to commence insolvency proceedings.
Thomas Cook is a completely independent company from Arcandor, and today’s announcement will have no impact on our financial position or operational performance. As a standalone company, Thomas Cook Group plc is listed separately on the London Stock Exchange and is completely ring-fenced.
Please be assured that it’s business as usual. There is no impact whatsoever on the holidays and services Thomas Cook provides for its customers.
