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Strip away the short term dynamics of poor management, Brexit uncertainty and the falling pound. The best explanation that I have heard for the demise of Thomas Cook is that it was fundamentally an analogue business operating in a digital world and struggling to cope with a £1.7bn debt burden when revenues were declining.

Thomas Cook Share Price

Here are some of the reactions to the news that Thomas Cook is being liquidated.

Thomas Cook collapses
What Thomas Cook collapse means for customers and investors
What went wrong at Thomas Cook?

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