This article is about the formerly publicly listed, Thomson Travel Group. For the successor to TUI Northern Europe, see TUI Travel plc.
Thomson Travel Group plc was a business formed by the Thomson Corporation of Canada, when it was floated on the London Stock Exchange in 1998. It was acquired by Preussag AG, an industrial and transport conglomerate, in 2000. The group continued until 2002 when it was renamed TUI Northern Europe Limited, a full subsidiary of TUI AG.
The company was created in 1965 when Thomson Corporation of Canada acquired four tour operators, Skytours, Riviera, Luxitours and Gaytours as well as the airline Britannia Airways, and named the combined business Thomson Travel.[1]
Thomson travel agents in Wetherby, United Kingdom in 2012
In 1970, the business was re-launched as "Thomson Holidays" under the leadership of Bryan Llewellyn as managing director.[2]
In 1972 Thomson acquired Lunn Poly, a small chain of agents which Thomson grew to become the largest chain of travel agents in the United Kingdom.[3]
In 1981, Thomson Holidays were the first recorded users of Business-to-Business online shopping.[4]
The business was floated on the London Stock Exchange with a valuation of £1.7 billion as Thomson Travel in May 1998.[5][6]
In 2000, Thomson Travel was acquired by Preussag AG, an industrial and transport conglomerate.[7] Although Preussag AG, which re-named as TUI AG in 2002, retained the Thomson brand for a while, it was retired completely in 2017.[7]
Thomson Founders' Club
When Thomson Travel was floated in 1998, new shareholders were given membership in the "Thomson Founders' Club" which offered a 10% discount on Thomson holidays. Membership was conditional on retaining a minimum of 294 shares, but when Thomson Travel was acquired by Preussag membership of the Founders' Club was made permanent and unconditional. However, on 31 January 2008 the Club was abolished without notice or compensation.[8]
References
^"UK's biggest holiday firm rebrands from Thomson to TUI". The Independent. 18 October 2017. Archived from the original on 7 May 2022. Retrieved 22 September 2019.
^Thomson Holiday changes The Times, Tuesday, 24 June 1969; pg. 20; Issue 57594
^"Lunn Poly going away for good". The Telegraph. 6 November 2004. Retrieved 22 September 2019.
^Palmer, C (1 December 1988). "Using IT for Competitive Advantage at Thomson Holidays: Long Range Planning" (PDF). Institute of Strategic Studies Journal, London Pergamon Press now Elsevier B.V. pp. 26–29.
^SFA launches Thomson inquiry: Criticism prompts extension of perks for investors The Times, Saturday, 9 May 1998; pg. 27; Issue 66199
^Quick profit for Thomson fans The Times, Tuesday, 12 May 1998; pg. 29; Issue 66199
^ ab"Goodbye Thomson, hello TUI – how Germany beat Britain in the battle of the sunlounge". The Telegraph. 18 October 2017. Retrieved 11 March 2019.
thomson, travel, group, this, article, about, formerly, publicly, listed, successor, northern, europe, travel, business, formed, thomson, corporation, canada, when, floated, london, stock, exchange, 1998, acquired, preussag, industrial, transport, conglomerate. This article is about the formerly publicly listed Thomson Travel Group For the successor to TUI Northern Europe see TUI Travel plc Thomson Travel Group plc was a business formed by the Thomson Corporation of Canada when it was floated on the London Stock Exchange in 1998 It was acquired by Preussag AG an industrial and transport conglomerate in 2000 The group continued until 2002 when it was renamed TUI Northern Europe Limited a full subsidiary of TUI AG Thomson Travel GroupTypePublicIndustryTravel and TourismFounded1965 58 years ago 1965 FounderRoy ThomsonDefunct2002 2002 SuccessorTUI Northern Europe LimitedHeadquartersLuton EnglandArea servedUnited KingdomProductsCharter and scheduled passenger airlines package holidays cruise lines hotels and resortsParentPreussag AG Contents 1 History 2 Thomson Founders Club 3 References 4 External linksHistory EditThe company was created in 1965 when Thomson Corporation of Canada acquired four tour operators Skytours Riviera Luxitours and Gaytours as well as the airline Britannia Airways and named the combined business Thomson Travel 1 Thomson travel agents in Wetherby United Kingdom in 2012 In 1970 the business was re launched as Thomson Holidays under the leadership of Bryan Llewellyn as managing director 2 In 1972 Thomson acquired Lunn Poly a small chain of agents which Thomson grew to become the largest chain of travel agents in the United Kingdom 3 In 1981 Thomson Holidays were the first recorded users of Business to Business online shopping 4 The business was floated on the London Stock Exchange with a valuation of 1 7 billion as Thomson Travel in May 1998 5 6 In 2000 Thomson Travel was acquired by Preussag AG an industrial and transport conglomerate 7 Although Preussag AG which re named as TUI AG in 2002 retained the Thomson brand for a while it was retired completely in 2017 7 Thomson Founders Club EditWhen Thomson Travel was floated in 1998 new shareholders were given membership in the Thomson Founders Club which offered a 10 discount on Thomson holidays Membership was conditional on retaining a minimum of 294 shares but when Thomson Travel was acquired by Preussag membership of the Founders Club was made permanent and unconditional However on 31 January 2008 the Club was abolished without notice or compensation 8 References Edit UK s biggest holiday firm rebrands from Thomson to TUI The Independent 18 October 2017 Archived from the original on 7 May 2022 Retrieved 22 September 2019 Thomson Holiday changes The Times Tuesday 24 June 1969 pg 20 Issue 57594 Lunn Poly going away for good The Telegraph 6 November 2004 Retrieved 22 September 2019 Palmer C 1 December 1988 Using IT for Competitive Advantage at Thomson Holidays Long Range Planning PDF Institute of Strategic Studies Journal London Pergamon Press now Elsevier B V pp 26 29 SFA launches Thomson inquiry Criticism prompts extension of perks for investors The Times Saturday 9 May 1998 pg 27 Issue 66199 Quick profit for Thomson fans The Times Tuesday 12 May 1998 pg 29 Issue 66199 a b Goodbye Thomson hello TUI how Germany beat Britain in the battle of the sunlounge The Telegraph 18 October 2017 Retrieved 11 March 2019 Thomson Founder s Club Thomson Holidays External links Edit Wikimedia Commons has media related to TUI UK Retrieved from https en wikipedia org w index php title Thomson Travel Group amp oldid 1086733265, wikipedia, wiki, book, books, library,
