Thomas Cook hits back after rumours over Chinese owner selling its stake

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City AM

By Ilaria Grasso Macola Thomas Cook has pushed back against reports that its Chinese owner Fosun Tourism Group was looking to sell its stake in the company. “Fosun Tourism Group has no plans to sell Thomas Cook,” a Thomas Cook spokesperson told City A.M. Sources today told Sky News’ Mark Kleinman that the Chinese powerhouse was contemplating either raising capital from external investors or selling the business directly. Fosun acquired Thomas Cook’s name and intellectual assets for £11m in November 2019, two months after the debt-stricken travel group collapsed in September 2019 as it failed t…

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