Skip to content
RIABU's Mark Laudi and Simon Littlewood discuss the real reasons why Thomas Cook went under.
RIABU's Mark Laudi and Simon Littlewood discuss the real reasons why Thomas Cook went under.

Blog post -

The mysterious case of Thomas Cook's collapse

Travel company Thomas Cook shocked everyone when they recently announced they were filing for bankruptcy, leaving 150,000 of its customers waking up in foreign countries without a ride home.

It was not a victim of late payments as it had a lot of customers who paid upfront for their holiday packages. But it still went bust.

Surprisingly, the company actually ran out of cash.

RIABU's Mark Laudi and Simon Littlewood discuss the real reasons why Thomas Cook went under.

Click here to listen to the full podcast.

Subjects

Press contacts

Mark Laudi

Mark Laudi

Press contact Managing Partner (+65) 6223 2249

Related stories

Be first in line to get paid

RIABU is an information portal that provides suppliers insights into the payment track record of customers.

RIABU
138 Robinson Road, Oxley Tower Lobby 1
068906 Singapore
Singapore