In the News
The Fall of Thomas Cook
24th September 2019
Strip away the short term dynamics of poor management, Brexit uncertainty and the falling pound. The best explanation that I have heard for the demise of Thomas Cook is that it was fundamentally an analogue business operating in a digital world and struggling to cope with a £1.7bn debt burden when revenues were declining.
Here are some of the reactions to the news that Thomas Cook is being liquidated.
British tour operator Thomas Cook collapsed after failing to secure rescue funding, and travel bookings for its more than 600,000 global vacationers were canceled early Monday. https://t.co/kotY8hGrLi
— HuffPost (@HuffPost) September 24, 2019
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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