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Global company Thomas Cook is selling it’s India brand, a move experts say isn’t likely to affect consumers but is causing a stir among the regional travel industry there.
The Business Standard of India reports:
The sale of the India business of the British giant is likely to offer an opportunity to several players keen on entering this market. “Getting a strategic partner will bring gravitas to the company. In that, it is a good step,” a senior travel industry executive said today. “However, in the current form, no one will buy the company. Forex and travel will have to be sold separately.”…
Apart from private equity investor Carlyle and travel company Cox & Kings, other niche players are learnt to be doing their round of enquiries. Travelex of UK, for instance, is keen on just the forex business. And Japan Tourist Bureau is focused on the travel business. Japan Tourism also has a strategic alliance with Thomas Cook in Japan, which may give it a better chance in this market, according to travel industry experts.
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