Hays Travel firm has bought all 555 Thomas Cook stores from the official receiver that could save around 2,500 jobs.
Hays Travel has already recruited 494 former Thomas Cook staff since the travel firm went bankrupt.
John and Irene Hays, managing director and chair of Hays Travel said, “Thomas Cook was a much-loved brand employing talented people. We look forward to working with many of them.”
Dave Chapman the official receiver said, “I am pleased to announce we have reached an agreement with Hays Travel to acquire Thomas Cook’s entire UK retail estate, comprising 555 stores across the country.
“This represents an important step in the liquidation process, as we seek to realise the company’s assets.”
Jim Tucker, KPMG partner said, “It provides re-employment opportunities for a significant number of former Thomas Cook employees and secures the future of retail sites up and down the UK high street.
“We are pleased to have achieved this in a short time frame and in the context of a complex liquidation process, which is testament to a lot of hard work from a number of parties.”