Thomas Cook’s Cambridge branch could be saved as Hays Travel buys stores
The Thomas Cook travel store on St Andrew’s Street, along with 554 other branches, is set to be purchased by Hays Travel.
Cambridge staff who were left out of work by the collapse of the travel firm could be saved by the travel company, which has agreed a deal to buy all 555 former Thomas Cook stores.
The shops, including the Cambridge branch, shut when the company went bust last month.
Hays - which has branches in Downham Market and Wisbech - has already recruited more than 400 Thomas Cook staff and has offered work to more affected personnel.
Jim Tucker, partner at KPMG and joint special manager of Thomas Cook’s retail division, said: "This is an extremely positive outcome, and we are delighted to have secured this agreement.
"It provides re-employment opportunities for a significant number of former Thomas Cook employees, and secures the future of retail sites up and down the UK high street.
"We are pleased to have achieved this in a short time frame and in the context of a complex liquidation process, which is testament to a lot of hard work from a number of parties.
"Over the weeks ahead, we will work closely with Hays Travel and landlords to ensure a smooth transition of the store estate."
John and Irene Hays, managing director and group chair of Hays Travel Limited, said: "Thomas Cook was a much-loved brand employing talented people.
"We look forward to working with many of them."