The story about Arcandor has been in the print media for some time (Broadsheet finance pages ) as the company has been in trouble for a long time. It overexposed itself buying big. Thomas Cook is a big part, Arcandor hold 52% of the shares and will probably get help, of some sort, from the German Government.
TC however is a well funded and viable ongoing concern. Even if the worst came to the worst (which I doubt) this company would continue without interruption. In the UK its part of a duopoly with Tui...for God`s sake who wouldnt buy into that.
TC will continue..