Coming up on this week’s episode, I am going to look at the 2019 collapse of Thomas Cook, a 178 year old veteran of the travel industry that, seemingly, disappeared overnight.

Like all corporate collapses, the seeds of Thomas Cook’s destruction were sewn long before the final coup de grace. Ill-thought through acquisitions. A ‘bloated retail footprint’. An inability to keep up with the increasing commoditization of the travel market.

In the end, the collapse of Thomas Cook was less than an overnight collapse, and more of, what website skift.com calls ‘a disaster played out in slow motion’.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Bibliography
https://www.cityam.com/timeline-thomas-cooks-humble-beginnings-to-a-billion-pound-collapse/
https://time.com/5683934/thomas-cook-travel-collapse/
https://www.bbc.com/news/business-46452374
https://www.independent.co.uk/travel/news-and-advice/thomas-cook-collapse-travel-abta-corporate-finance-failure-mark-tanzer-a9146851.html
https://skift.com/2019/09/30/debt-egos-and-bad-decisions-how-thomas-cook-failed-to-adapt-to-a-new-era-of-travel/
https://en.wikipedia.org/wiki/Thomas_Cook_Group

Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn

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