Fosun Tourism to buy Thomas Cook, related hotel brands for $14.3m

Fosun Tourism to buy Thomas Cook, related hotel brands for $14.3m

FILE PHOTO: People walk past a closed Thomas Cook travel agents store near Manchester, Britain, October 9, 2019. REUTERS/Phil Noble

China’s Fosun Tourism Group said on Friday it would acquire the Thomas Cook and related hotel brands for 11 million pounds ($14.25 million), in a bid to expand its presence in the tourism business.

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