Thomas Cook denies E&Y's Club 18-30 selloff
Thomas Cook denies that Ernst & Young is helping it sell off infamous Club 18-30 subsidiary
Thomas Cook has denied speculation that the company has appointed Ernst
& Young to advise on the sell-off of several of its subsidiaries, including
its infamous Club 18-30 business.
Press reports had suggested that E&Y was in charge of the £30m sale of
four Thomas Cook subsidiaries, however, a spokeswoman for the tour operator said
that the stories were ‘speculation’.
But she confirmed that E&Y was working with Thomas Cook through a
strategic review of its business.