Is “worthless” Thomas Cook the next name to disappear from the High Street?

High Street travel agent Thomas Cook could be the next store to embark on mass store closures as analysts Citi labelled the firm “worthless” after big losses. Shares are down 40% today.



The 180-year old company has branches on Eltham High Street, Bexleyheath, Bromley and Bluewater.

Dartford retains a branch

Losses of £1.5 billion have been revealed with the group already closing some branches but many more remain trading across the UK. To shore up its position the company is seeking to sell its aircraft.

It currently has a market value of £738m with debts around the same amount.



It’s the latest set back for the High Street with fashion retailer Select entering administration last week.

The UK’s largest estate agency with numerous shops across south east London under various brands such as Hamptons in Greenwich and Mann in Woolwich has also seen its share price reach an all-time low. It’s now down 99% in four years.

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John Smith

I've lived in south east London most of my life growing up in Greenwich borough and working in the area for many years. The site has contributors on occasion and we cover many different topics. Living and working in the area offers an insight into what is happening locally.

2 thoughts on “Is “worthless” Thomas Cook the next name to disappear from the High Street?

  • May 17, 2019 at 8:55 pm
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    I had no idea that Thomas Cook still had a high street presence. The one in Lewisham closed a few years’ ago to be replaced by a money shop, which itself is now gone.

    Reply

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