Thomas Cook collapse strands thousands of travelers
ABC News 10 -

Capping a painful year, 178-year-old British tour operator Thomas Cook collapsed Sunday night, stranding hundreds of thousands of travelers.

The company said in a statement that its board "concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect."

"An application was made to the High Court for a compulsory liquidation of the Company before opening of business today and an order has been granted to appoint the Official Receiver as the...

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