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- Thomas Cook collapses
Could easily have gone bust in 2011parchedpeas wrote: ↑Mon Sep 23 2019 10:29am
But according to the government, it's nothing at all to do with Brexit.
I do not think the collapse was directly because of Brexit. Brexit contributed in as much as the economy was less stable than it might have been and people were less confident about the future than they might have been. But the overriding reason IMO was that they had not kept up to date with the times and modern ways of workings. They still had over 500 High Street outlets. As seen in other threads most companies are moving away from this type of model. It was the type of business which was highly suited to the internet. Yet they failed to take full advantage of it.parchedpeas wrote: ↑Mon Sep 23 2019 10:29amSold holidays in £
Paid suppliers in €
But according to the government, it's nothing at all to do with Brexit.
We can always rely on Sarah to know the facts.Sarah wrote: ↑Mon Sep 23 2019 6:02pmBrexit isn't the only cause (their problems date back many years) but is more than a minor factor in the Thomas Cook collapse and Matt Hancock is certainly wrong to claim there's no connection at all. The company itself admitted the impact of Brexit when it announced £1.5bn losses back in May. It faced both falling demand and a 25% increase in € costs as a result of the crash in £ value.
https://www.independent.co.uk/news/busi ... 16061.html
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