The name of the collapsed holiday firm Thomas Cook is to live on after the brand was bought up by the Chinese owner of Club Med for £11m. Fosun Tourism Group said the acquisition of "one of the most well-known tourism brands around the world" would enable it to expand its foothold in the travel business. According to the deal, the assets bought include the trademarks, domain names, software applications, social media accounts and licences relating to the 178-year-old British travel company.
Sky News - Thomas Cook name to live on after £11m brand buyout by Fosun