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Germany: Karstadt to take on 106 Thomas Cook travel agencies

 |  November 19, 2019

Galeria Karstadt Kaufhof has agreed to take on 106 travel agencies as well as the German online platform of insolvent travel firm group Thomas Cook, the German retailer announced on Tuesday, November 18. 

Antitrust authorities as well as Thomas Cook’s creditors committee still have to approve the transaction, reported Reuters. 

Thomas Cook’s German tour business filed for insolvency in September and at the time said it was in talks with potential new investors.

Full Content: Reuters

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