Thomas Cook: holidays "safe" despite owner's insolvency



  • PollycatPollycat Forumite
    32.6K Posts
    Part of the Furniture 10,000 Posts Name Dropper Savvy Shopper!
    I'm pleased to read that I'm not the only person who is not happy with the way MSE are reporting the Thomas Cook/Arcandor issue.

    As I stated earlier, I'm not worried about my holiday but articles such as the one that MSE Guy has referred to will only cause more worry for people like gabyjane.
  • Hi,

    My brother is getting married next month and has asked people for Thomas Cook vouchers instead of wedding presents. I don't want to worry him unnecessarily but IF Thomas Cook did go bankrupt or anything then what would happen to all their vouchers? Do you think it's still a good idea for them to ask for these or what are the risks?

    Any advice appreciated,

  • stephb34stephb34 Forumite
    2.1K Posts
    Part of the Furniture Combo Breaker
    Don't worry him Thomas cook are doing very well in the current climate, all the trouble is because the major shareholder is bankrupt. There are still other shareholders with a 47% holding between them and i suspect manny fontena novela (not spelt right methinks but anyone in the know will know who i mean lol) the CEO of TC and his buddies will probably buy 5% so no other company has the largest share of the company. Im booked for april 2010 with TC and not worried and i buy vouchers all the time. Let your brother have a great day and hopefully he'll get enough vouchers to have a fantastic holiday.
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