Skip to content
Search

Latest Stories

Thomas Cook India signs deal worth £1.5m with UK firm for brand name

Easterneye.Biz Staff
By Easterneye.Biz StaffDec 03, 2019
Easterneye.Biz Staff
See Full Bio

THOMAS Cook (India) Ltd has signed a deal with AlixPartners, Thomas Cook UK’s appointed special managers, to acquire the rights to the Thomas Cook brand in India, Sri Lanka, and Mauritius.

The deal has been signed for a one-time payment of £1.5 million or Rs 139m.

Thomas Cook (India) Ltd is a travel and tour related financial services company operating from India.

Thomas Cook (India) Ltd was previously contracted to pay an annual brand licence fee of Rs 20m or £214730.74 to Thomas Cook UK until 2024 for the usage of the brand.

Thomas Cook (India) Limited has operated the Thomas Cook brand name uninterrupted in India since 1881.

In 2012, when Thomas Cook India was acquired by Fairfax Financial Holdings of Canada, the India-based business had entered into a brand licence agreement with Thomas Cook Group UK for exclusive use of the brand name until 2024 across India, Sri Lanka, and Mauritius.

The brand license agreement also gave Thomas Cook India the right of first refusal to acquire the brand in the event of the Thomas Cook UK Group going into liquidation before 2024.

Thomas Cook India can now use the iconic travel services brand name that they have operated with for 138 years in India. It enjoys high recall and strong brand equity.

The agreement ensures brand use rights in perpetuity and means that the India-based firm can use the brand in perpetuity on a royalty-free basis.

Following Thomas Cook UK’s sale of its entire stake in Thomas Cook India to Fairfax Financial Holdings in 2012, the Thomas Cook India Group has embarked on a significant growth and expansion strategy.

The Thomas Cook India Group is one of the largest travel service provider networks headquartered in the Asia-Pacific region - spanning 29 countries and five continents.

The group has a staff strength of over 9,700 and a combined revenue in excess of £721.36m for the financial year ended in March.

The Thomas Cook India Group continues to remain financially strong with cash and bank deposits balances of £116.85m as of September.

The latest move by TCIL also prevents possible new entrants into these markets, using the brand name.

In addition to Thomas Cook, the Thomas Cook India Group operates leading B2C and B2B travel brands, including SOTC, TCI, SITA, Asian Trails, Allied T Pro (ATP), Australian Tours Management (ATM), and others.

sri lankathomas cook (india)alixpartnersukindia

Related News

Sanjay Bhandari's extradition appeal opens in London
Business

Sanjay Bhandari's extradition appeal opens in London

Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)
Business

Murdoch's bid to secure eldest son's control of media empire fails

Kamlesh Pattni faces UK sanctions for illicit gold trade
Business

Kamlesh Pattni faces UK sanctions for illicit gold trade

Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)
Business

India appoints Sanjay Malhotra as new central bank governor

EasternEye

More For You

Uber

Takeaway apps have become a source of employment for undocumented migrants

Getty Images

Uber warns UK food delivery costs could rise amid crackdown on illegal migration

Highlights:

  • Uber warns Home Office rules targeting illegal gig economy workers could increase takeaway delivery costs in the UK.
  • Undocumented migrants have historically used food delivery apps for work, exploiting limited right-to-work checks.
  • Companies like Uber Eats, Deliveroo, and Just Eat have introduced stricter checks, including facial recognition and document verification.
  • Compliance and administrative costs have contributed to a fall in Uber UK profits despite rising revenues.
  • Government enforcement includes thousands of interviews and hundreds of arrests for suspected illegal working.


Uber’s UK accounts at Companies House welcomed the Home Office’s efforts to deter migrants and people smugglers from risking Channel crossings. However, the company cautioned that “new legislative requirements could have an adverse impact on our business, including expenses necessary to comply with such laws and regulations.”

Takeaway apps have become a source of employment for undocumented migrants, attracted by historically limited right-to-work checks. Delivery riders have sometimes sold or rented their accounts on social media to “substitutes” who may be working illegally.

Keep ReadingShow less
Co-op and Bestway strike new deal to back independent retailers

Dawood Pervez (L), managing director at Bestway Wholesale and Katie Secretan, managing director of Co-op Wholesale

Co-op and Bestway strike new deal to back independent retailers

A NEW partnership has been formed between Co-op Wholesale and Costcutter Supermarkets Group (CSG) to support independent retailers across the UK.

Goes beyond the standard supply deal, it aims to bring the combined expertise and resources of both businesses together, helping local retailers compete in an increasingly tough convenience market, a statement said on Thursday (4).

Keep ReadingShow less
Nirmala Sitharaman

India's finance minister Nirmala Sitharaman said the Goods and Services Tax (GST) structure would be simplified from four slabs to two, with reductions across several sectors. (Photo: Getty Images)

India cuts consumption taxes, simplifies structure into two slabs

INDIA announced a major cut in consumption taxes on Wednesday, days after the United States imposed steep tariffs on Indian goods.

India's finance minister Nirmala Sitharaman said the Goods and Services Tax (GST) structure would be simplified from four slabs to two, with reductions across several sectors. In some cases, levies have been reduced by more than half.

Keep ReadingShow less
Jio Platforms

Jio Platforms includes India’s largest telecom operator, Reliance Jio Infocomm, with more than 500 million users. (Photo: Reuters)

Reuters

Jio IPO planned for mid-2026, AI unit announced with Meta and Google

RELIANCE Industries plans to take its telecom and digital arm, Jio Platforms, public by mid-2026, chairman Mukesh Ambani said on Friday. The announcement sets a new timeline for the long-awaited IPO of a business analysts value at over $100 billion.

At its annual general meeting (AGM), Reliance also announced the launch of an artificial intelligence unit in partnership with Google and Meta.

Keep ReadingShow less
Asda tech overhaul

Asda sales fell 0.2 per cent in the three months to June 30, 2025 (AFP via Getty Images)

AFP via Getty Images

Asda boss hails tech overhaul as key to revival despite sales slump

THE chairman of Asda has admitted the supermarket chain still faces challenges after sales slipped again over the summer, but said the completion of a major IT overhaul was crucial for its recovery.

Allan Leighton told the Times that the long-delayed technology project, called Project Future, had finally been finished after years of setbacks and costs exceeding £1 billion. The work involved separating more than 2,500 systems inherited from former owner Walmart, following Asda’s 2021 takeover by TDR Capital.

Keep ReadingShow less
© Copyright 2025 Garavi Gujarat Publications Ltd & Asian Media Group USA Inc
Contact Us