“The decision to terminate was made in connection with the impossibility of fulfilling obligations to Biblio-Globus by Thomas Cook Group plc., Which announced its liquidation on September 23, 2019 due to financial insolvency,” the statement reads on the website of the Russian tour operator.
It is noted that the entire Biblio-Globe business acquired by Thomas Cook Group plc. returns to the previous owners.
Thomas Cook was founded in 1841 by the British entrepreneur Thomas Cook, who is the creator of organized tourism. In September 2019, the company announced liquidation after the failure of negotiations with creditors.
In March 2019, Thomas Cook Group plc. acquired a share of the Biblio-Globus business, the rest was supposed to be bought back later.
Spokeswoman for the Russian Union of Travel Industry Irina Tyurina said that the situation with the tour operator Thomas Cook will not affect the activities of its Russian companies Intourist and Biblio-Globus.