18 December 2008

Consolidation Curtails Gold Medal’s Independence in UK

UK’s Iconic Gold Medal Travel, after 30 years and the largest UK consolidator has agreed to be acquired by Thomas Cook for GBP87 Million.

This should allow the business unit when combined with TC’s consolidator operations to grow through the own distribution network. Couple this with the decision to cut back on its traditional Short haul package tour business and you have a transformation of the former Temperance Tour Operator.

Cheers

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