Fosun Tourism to buy Thomas Cook, related hotel brands for $14.3 million

Thomas Cook is negotiating a 750 million pound ($941 million) rescue that will give Fosun Tourism , its biggest investor, control of the indebted British group's package-tour business, in a blow to other shareholders......»»

Thomas Cook is in talks on a 750 million pound ($941 million) bailout that will give its largest investor Fosun Tourism control of the indebted British group's package-tour business, in a blow to other shareholders......»»

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Chinese conglomerate Fosun has snapped up the Thomas Cook brand for £11 million ($14.2 million), weeks after the renowned British travel group went bust and left hundreds of thousands of holidaymakers stranded abroad. .....»»

Chinese conglomerate Fosun has snapped up the Thomas Cook brand for £11 million ($14.2 million), weeks after the renowned British travel group went bust and left hundreds of thousands of holidaymakers stranded abroad. .....»»

Turkey's Tourism Advisory Council said on Tuesday it estimates that Thomas Cook owes the local sector more than 350 million euros ($381.08 million), adding that it was impossible for the amount to be re-paid in the short- and medium-term......»»

The collapse of British travel operator Thomas Cook has left Moroccan hotels facing unpaid bills of about 200 million dirhams ($20 million), the head of Morocco's tourism federation said on Wednesday......»»

Turkey could miss out on 600,000-700,000 tourists a year following the collapse of British tourism agency Thomas Cook on Monday, the head of Turkey's Hoteliers Federation (TUROFED) said......»»

Thomas Cook owes Tunisian hotels 60 million euros ($66 million)for stays in July and August, Tourism Minister Rene Trabelsi told Reuters on Monday, adding that 4,500 Thomas Cook customers are still in the country......»»

The head of Turkey's Hoteliers Federation said on Monday the collapse of British tourism agency Thomas Cook means Turkey could see 600,000-700,000 fewer tourists annually......»»

British travel operator Thomas Cook Group said on Wednesday it had agreed the main terms of a rescue package that will see China's Fosun Tourism take over its tour operations and creditor banks and bondholders acquire its airline......»»

Thomas Cook shares took a dive after the struggling British package tour operator agreed the key commercial terms of a rescue package with Fosun Tourism, its banks and a majority of its bondholders. David Pollard reports......»»

British holiday firm Thomas Cook is in talks over a bailout for its ailing tour business by China's Fosun Tourism. Julian Satterthwaite reports......»»

The world's oldest travel company Thomas Cook edged closer to a break up on Monday after its biggest shareholder, China's Fosun Tourism, made a preliminary approach for the British group's core holiday operations......»»

China's Fosun Tourism has made a preliminary approach to Thomas Cook to buy its tour operator business, sending shares in the struggling British travel group higher......»»

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Tourism officials estimate 75% of Los Angeles travel-related workers have been furloughed. Tourism officials estimate 75% of Los Angeles travel-related workers have been furloughed......»»

For many cities and states, including Pittsburgh and Allegheny County the loss of hotel-related taxes alone promises to blow million-dollar-plus holes in their budgets every week the pullback persists......»»

For many cities and states, every week the pullback persists the loss of hotel-related taxes promises to blow million-dollar-plus holes in their budgets......»»