Thomas Cook India not part of brand’s global sale to China’s Fosun

Thomas Cook India Chairman and Managing Director Madhavan Menon, further stated that the brand for the markets of India, Sri Lanka and Maurutius has been and continues to be protected for exclusive use by Thomas Cook India Ltd (TCIL) until November 2024.
Thomas Cook managing director reiterated that the sale of the company did not include regions of India,Sri Lanka and Mauritius.(Reuters photo)
Thomas Cook managing director reiterated that the sale of the company did not include regions of India,Sri Lanka and Mauritius.(Reuters photo)
Updated on Nov 03, 2019 04:27 PM IST
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New Delhi | By Press Trust of India

Travel services provider Thomas Cook India on Sunday said the sale of the company to China’s Fosun does not include regions of India, Sri Lanka and Mauritius.

“With regard to recent media reports pertaining to the sale of the Thomas Cook Global brand to Fosun of China, it is imperative to clarify that the reported sale of the Global Thomas Cook brand to Fosun of China does not include the regions of India, Sri Lanka and Mauritius,” Thomas Cook India Chairman and Managing Director Madhavan Menon said in a statement.

The brand for these markets has been and continues to be protected for exclusive use by Thomas Cook India Ltd (TCIL) until November 2024 as per a brand licence agreement entered into in 2012 between Thomas Cook India’s promoters Fairfax Financial Holdings and erstwhile Thomas Cook Plc, he added.

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Tuesday, October 19, 2021