Comments on: Holidays with Thomas Cook safe despite Arcandor collapse http://www.travel-rants.com/2009/06/10/holiday-thomas-cook-not-affected-administration-arcandor/ - Discussions on travel consumer issues Fri, 30 Jul 2010 20:20:28 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Alex Bainbridge http://www.travel-rants.com/2009/06/10/holiday-thomas-cook-not-affected-administration-arcandor/#comment-147505 Alex Bainbridge Wed, 10 Jun 2009 13:10:07 +0000 http://www.travel-rants.com/?p=4241#comment-147505 "I did not think that there was nothing to worry about" Darren - you should be a politican with doublespeak like that! :) Direct quote from FT.com "The failed German retail group has pledged its 52.8 per cent majority stake as collateral on some of its loans. Speculation that it could be forced to sell its position pushed up Thomas Cook's shares by more than 10 per cent." So change coming, yes. However consumers should be fine - its just like a football club changing ownership. You support the team not the owner! “I did not think that there was nothing to worry about”
Darren – you should be a politican with doublespeak like that! :)

Direct quote from FT.com
“The failed German retail group has pledged its 52.8 per cent majority stake as collateral on some of its loans. Speculation that it could be forced to sell its position pushed up Thomas Cook’s shares by more than 10 per cent.”

So change coming, yes. However consumers should be fine – its just like a football club changing ownership. You support the team not the owner!

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]]> By: Darren Cronian http://www.travel-rants.com/2009/06/10/holiday-thomas-cook-not-affected-administration-arcandor/#comment-147490 Darren Cronian Wed, 10 Jun 2009 11:30:17 +0000 http://www.travel-rants.com/?p=4241#comment-147490 @ Nick Thank's for clarifying that. I did not think that there was nothing to worry about, but I've received a dozen emails (not hundreds I know) from consumers, primarily because of the press attention the story has received. So I thought it was worth posting something to help consumers. @ Nick

Thank’s for clarifying that. I did not think that there was nothing to worry about, but I’ve received a dozen emails (not hundreds I know) from consumers, primarily because of the press attention the story has received. So I thought it was worth posting something to help consumers.

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]]> By: Nick http://www.travel-rants.com/2009/06/10/holiday-thomas-cook-not-affected-administration-arcandor/#comment-147487 Nick Wed, 10 Jun 2009 11:10:24 +0000 http://www.travel-rants.com/?p=4241#comment-147487 Darren Arcandor is just a share holder and are not involved in the running of Thomas Cook, this is the same with any company when a share holder goes bust. The shares are placed on the Market. Yesterday Thomas Cook shares went up at the news. It is nothing to worry about at all. Darren

Arcandor is just a share holder and are not involved in the running of Thomas Cook, this is the same with any company when a share holder goes bust. The shares are placed on the Market. Yesterday Thomas Cook shares went up at the news. It is nothing to worry about at all.

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