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Lessons from Thomas Cook, for those looking to buy a business from administration

FOR BUYERS

If you’ve just bought a business, or are considering buying a struggling company, there are lessons to be learned from this story of mis-management. Let’s take a look at the reasons behind the collapse and examine what to look out for to avoid falling foul of the same problems when taking over an existing business. Why didn’t Thomas Cook go into administration? Thomas Cook has been operating for 178 years in the UK and had a solid reputation, 21,000 employees around the wor...

DISTRESSED BUSINESSES

Quick guide to corporate insolvency

Over the past six months stories about retailers and businesses "going into liquidation," "calling i...

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