Leader: Thomas Cook deal is vote of confidence in high streets

George MacDonald

The acquisition of Thomas Cook by Hays Travel is potentially great news for high streets, one shaft of sunlight to pierce the clouds hanging over town centres.

The deal is a sign of faith from Hays, which recently broke through the £1bn revenues barrier, that consumers still value what bricks-and-mortar can offer.

Some will question whether that faith is justified. To take on 555 shops in the present climate as high streets suffer might almost seem foolhardy.

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