Page 3 - Thomas Cook (india)

Experience Hub, Thomas Cook India ink long-term pact for Abu Dhabi travel

Travel services firm Thomas Cook India on Tuesday said it has entered into a long-term pact with Experience Hub, the trade and promotion arm of Yas Island Abu Dhabi, to drive visits to the destination. The agreement will further engage the India market for the destination in 2020 and beyond through the implementation of initiatives including product development and training-engagement, Thomas Cook India said in a filing to the BSE. "Our Thomas Cook 2020 India market trend analysis reveals high potential for multiple micro-cations and enriching experiences and Yas Island is hence a significant opportunity," Thomas Cook (India) Ltd President & Country Head Holidays, MICE, Visa Rajeev Kale said. In the company's focus to target this growth potential and amplify travel experiences for the customers, it is partnering with Yas Island's Experience Hub to create an exciting one-stop-entertainment destination for its diverse range of Indian travellers, he added. Commenting on the ...

Thomas Cook India buys rights for Rs 14 crore to retain brand name

Thomas Cook India has seen changes in its ownership over the years

Thomas Cook India to acquire brand rights for India, Sri Lanka, Mauritius

Travel services firm Thomas Cook (India) on Tuesday said it has entered into a pact with Thomas Cook UK's appointed special managers to acquire the rights of the iconic brand for India, Sri Lanka and Mauritius markets. Thomas Cook (India) Ltd (TCIL) has signed an agreement with AlixPartners, Thomas Cook UK's appointed Special Managers for the complete ownership of the brand name across these markets, for a one-time payment of Rs 13.9 crore, the company said in a regulatory filing. "I am delighted that we have been able to sign an agreement to acquire the rights to the iconic Thomas Cook brand across India, Mauritius & Sri Lanka. The brand is one of the most respected names in the travel services space and one that we at Thomas Cook India have operated uninterrupted for 138 years since 1881," said Madhavan Menon, Chairman & Managing Director, Thomas Cook (India) Ltd. TCIL was previously contracted to pay an annual brand licence fee of Rs 2 crore to Thomas Cook UK until 2024 for

CRISIL reaffirms ratings on Thomas Cook India at AA-minus, A1-plus

On September 23, Thomas Cook Plc in Britain announced that it is filing for compulsory liquidation with immediate effect

Thomas Cook India posts Rs 4.26-cr Q2 net, says global unrest affected biz

Travel services provider Thomas Cook (India) Ltd on Thursday reported a consolidated net profit of Rs 4.26 crore in the second quarter ended September 30. The company had posted a consolidated net loss of Rs 6.25 crore in the same quarter last fiscal, Thomas Cook India said in a regulatory filing. Total income from operations stood at Rs 1,747.59 crore as compared to Rs 1,611.15 crore in the corresponding period of last fiscal, it added. The company said a challenging operating environment with continuing weak consumer sentiment had impacted the travel segment primarily in the outbound and domestic businesses. Commenting on the financial performance, Thomas Cook (India) Ltd Chairman and Managing Director Madhavan Menon said, "This has been a challenging quarter for the travel industry with the collapse of Jet Airways leading to a surge in airfares, as well as the negative impact on customers and to the entire Indian Travel industry caused by the closure of Cox & Kings." "Globally,

Indian entity retains right to use Thomas Cook brand name till 2024

Thomas Cook India pays an annual licence fee of Rs 2 crore, and is set to begin the process of brand transition next year.

Lots in a name for Thomas Cook India: Can it get a new brand identity?

Over the last few days, as the fortunes of Thomas Cook Plc took a wrong turn, the Indian entity scrambled to distance itself from its erstwhile parent

Letter to BS: Thomas Cook collapse is a big blow to global tourism

This is a typical case of overconfidence and mismanagement by a company

Thomas Cook (India) dips 12% despite clarification on suspicious transaction

It denied report which said that the MCA was probing Thomas Cook (India) in relation to a 'suspicious' money transaction with a Delhi-based forex trader.

It's too early to decide on brand acquisition, says Thomas Cook India

The company was awaiting clarity from the UK and would weigh all factors before taking any decision on acquisition

Thomas Cook says it's bullish about travel biz and open to new investments

The tour operator issued a statement on Tuesday in the backdrop of financial crisis faced by rival firm Cox & Kings

Thomas Cook (India) rallies 10%; Quess Corp falls nearly 10% in intra-day

Thomas Cook (India) rallied 10% to Rs 266 after the board of directors of the company has given consent to the management to explore the possibility of an internal corporate restructuring exercise