Thomas Cook is back and set to relaunch | UK Market Update

Today, a few moments ago a another amazing video titled Thomas Cook is back and ‘set to relaunch | UK Market Update was posted in the channel: Kalkine

As informed in the page by Kalkine: The owner of Primark has said that the fashion brand’s sales have been better than anticipated since stores opened again post the lockdown, however they are lower as compared to last year’s numbers. Associated British Foods said sales since reopening would hit £2bn by the end of the year. However, that would be 12% lower on a like-for-like basis than in 2019. It also mentioned that Primark’s four biggest stores, in Birmingham, Manchester, and London, were particularly hard hit. As per them, If the four large UK destination city center stores are excluded, the decline is 5%,\” \n\nPizza Express is to close 73 restaurants across the UK with the loss of up to 1,100 jobs post creditors voted in support of restructuring. The battling Pizza chain said 89 per cent of creditors supported its Company Voluntary Arrangement (CVA) proposals, which include reductions in rent. Pizza Express joins Zizzi, Frankie \u0026 Benny’s and Byron Burger amongst other food chains that have shut outlets after sales tumbled during lockdown. The change will see Pizza Express slash its massive £735m debt to £319m with around £144m of new capital set to be accessible for growth investment.\n\nThe UK’s oldest tour operator Thomas Cook is said to be making a return to the travel industry soon. The brand was bought out by Fosun – company that owns Club Med and Wolverhampton Wanderers – saving the name from vanishing completely after the firm considerably smashed in September 2019. The company is now preparing to relaunch the Thomas Cook name as an online travel agent. Fosun is currently awaiting the necessary regulatory approvals as well as the introduction of any further quarantining restrictions on British citizens.\n\n#ThomasCook #PizzaExpress #Covid19 #Kalkine\n\nCheck out our media Website 👉\n\nFollow us and stay updated on the Go with the Stock Market 👇👇 \n\nFacebook –\n\nTwitter –

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