Thomas Cook AG was an Anglo-German, global travel group. The group had its headquarters in
Rochdale
Rochdale ( ) is a town in Greater Manchester, England, and the administrative centre of the Metropolitan Borough of Rochdale. In the United Kingdom 2021 Census, 2021 Census, the town had a population of 111,261, compared to 223,773 for the wid ...
, and sold products such as package holidays and flights through its 3 in-house airlines. On 19 June 2007, the group merged with
MyTravel Group plc to form the
Thomas Cook Group plc
Thomas Cook Group plc was a global travel group, headquartered in the United Kingdom and listed on the London Stock Exchange from its formation on 19 June 2007 by the merger of Thomas Cook AG — successor to Thomas Cook & Son — a ...
, which was listed on the
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
.
History
In 2001,
Thomas Cook & Son
Thomas Cook & Son, originally simply Thomas Cook, was a British travel company that existed from 1841 to 2001. It arranged transport, tours and holidays worldwide. It was owned by the British government from 1948 to 1972.
The company was foun ...
was acquired by the German company C&N Touristic AG, which changed its name to Thomas Cook
AG.
On 21 December 2005, Thomas Cook AG sold off Thomas Cook International Markets (a venture which includes 60% of the stake in Thomas Cook India Ltd) to Dubai Financial LLC, part of the Dubai Investment Group (DIG) which manages the financial and real estate interests of
Sheikh Mohammed bin Rashid Al Maktoum, ruler of
Dubai
Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...
. Following this, Thomas Cook Overseas Limited (a wholly owned subsidiary of Thomas Cook UK) was sold off, this time again to Dubai Financial LLC.
Thomas Cook Canada was sold to
Transat A.T. in 2006, marking Thomas Cook's exit from the North American market in terms of its own retailer.
On 12 February 2007, Thomas Cook AG announced that it had agreed terms on a merger with
MyTravel Group to form
Thomas Cook Group
Thomas Cook Group plc was a global travel group, headquartered in the United Kingdom and listed on the London Stock Exchange from its formation on 19 June 2007 by the merger of Thomas Cook AG — successor to Thomas Cook & Son — and ...
. The merger was completed on 19 June 2007.
Operations
References
{{Authority control
Transport companies established in 2001
Transport companies disestablished in 2007
Defunct companies of Germany