Thomas Cook (India) grapples with collapse of namesake

As the London-based Thomas Cook Group Plc collapsed last month, some 5,000 miles away, the stock of an unrelated namesake, Thomas Cook (India), took a pounding.

Almost a month since the fiasco, and several clarifications later, including an investor call by the India-based entity to allay fears, Thomas Cook (India) says “it is business as usual”.

According to Romil Pant, Senior Vice-President – Lesuire Travel, Thomas Cook India, the company is in a ‘wait and watch’ mode with regard to the ‘Thomas Cook’ brand name. Thomas Cook (India) can use the eponymous brand name till 2024 in India. Reports suggested that the Indian entity could explore the possibility of buying out the brand for some markets.