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Grasping for answers, Thomas Cook is trying to cut its losses, downsize, and focus on its core business in Europe.

Thomas Cook Group has sold its North America travel businesses to Red Label Vacations for £3.4 [about $5.1] million.

The sale includes Thomas Cook Canada and Thomas Cook USA, which are together known as Thomas Cook North America (TCNA).

TCNA operates a tour operator and distribution network in Canada.  TCNA also owns ABC Corporate Services Inc. and D-FW Travel Arrangements Inc. in the United States.

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