A struggling Thomas Cook to divest North American travel businesses

- Mar 20, 2013 9:20 am

Skift Take

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

— Dennis Schaal

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.

Tags: thomas cook

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