Go to deals
Consumer & Retail

The assets of Thomas Cook Netherlands have been sold to TUI following the bankruptcy of Thomas Cook Group plc

TUI Netherlands has acquired Thomas Cook Netherlands' brands Neckermann, Vrij Uit, as well as domain names and customer databases.

Thomas Cook Netherlands is the Dutch arm of UK-based Thomas Cook Group plc. Thomas Cook is active as tour operator under the brand names Neckermann and Vrij Uit. Moreover, the company also used its name as a retail brand in the Dutch market. Thomas Cook Netherlands was declared bankrupt in September after the British parent company went bankrupt.

TUI Netherlands is a Dutch travel organization which owns the TUI and KRAS brands. The company also has its own airline, TUI Fly and tworks with 140 self-owned travel agencies and 120 travel advisors. TUI Netherlands is part of TUI Group, the Anglo-German multinational travel and tourism company headquartered in Hannover, Germany. TUI is the largest leisure, travel and tourism company in the world. It owns several European airlines and tour operators based in Europe, as well as hotels, cruise ships and retail stores.

Thomas Cook Group was a British global travel group. It was formed in 2007 by the merger of Thomas Cook AG (itself the successor to Thomas Cook & Son) and MyTravel Group. Thomas Cook was listed on both the London Stock Exchange and the Frankfurt Stock Exchange. The group operated in two separate segments: as a tour operator and as an airline. It also operated travel agencies in Europe. On 23 September 2019 Thomas Cook Group and all UK entities went into compulsory liquidation.

Oaklins' team in the Netherlands advised the trustee of Thomas Cook Netherlands.

Service
Corporate finance services
Parties

Talk to the deal team

 Adse  de Kock

Adse de Kock

Partner

Amsterdam, Netherlands
Oaklins Netherlands
 Oscar  van Leeuwen

Oscar van Leeuwen

Director

Amsterdam, Netherlands
Oaklins Netherlands
 Friso  Kuiters

Friso Kuiters

Analyst

Amsterdam, Netherlands
Oaklins Netherlands

Related deals

OFFIX Holding and Office World Holding bundled their activities into the newly formed JV Office World Group
Business Support Services | Consumer & Retail | Other Industries | TMT

OFFIX Holding and Office World Holding bundled their activities into the newly formed JV Office World Group

OFFIX Holding AG and Office World Holding AG have bundled their businesses into the newly founded Office World Group AG. Office World Holding brings its subsidiaries Office World, iba and Tramondi, and OFFIX brings its companies Papedis, Ecomedia, Oridis, Office Leader and DocuServ into the new Office World Group AG. The merger creates a Swiss group that will be represented throughout the country, generating sales of approximately US$400 million with just under 600 employees.

Learn more
Hardford has sold its wholly owned subsidiary Hardford Brands to Pharmaxim
Consumer & Retail

Hardford has sold its wholly owned subsidiary Hardford Brands to Pharmaxim

Hardford Holding AB has sold Hardford Brands AB to Pharmaxim AB.

Learn more
Talma Travel & Tours has been acquired by Shlomo Group
Consumer & Retail

Talma Travel & Tours has been acquired by Shlomo Group

The shareholders of Talma Travel & Tours Ltd. have sold the company to Shlomo Group.

Learn more