Saturday, 2 November 2019

Statement from Madhavan Menon Chairman and Managing Director of Thomas Cook India

Mr. Madhavan Menon, Chairman and Managing Director, Thomas Cook India said “With regard to recent media reports pertaining to the sale of the Thomas Cook Global brand to Fosun of China, it is imperative to clarify that the reported sale of the Global Thomas Cook brand to Fosun of China does not include the regions of India, Sri Lanka and Mauritius.

The brand for these markets has been and continues to be protected for exclusive use by Thomas Cook India Limited (TCIL) until November 2024 as per a brand License agreement entered into in 2012 between Thomas Cook India's promoters (since 2012) Fairfax Financial Holdings and the erstwhile Thomas Cook Plc."

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