Earlier this morning, the saga surrounding the British travel firm Thomas Cook came to an end with the news that ‘ last-minute negotiations aimed at saving the 178 year old holiday firm had failed ’. With the tabloids and social media being flooded with stories of customers stranded abroad, and also with statements from the thousands of employees who have lost their jobs and, apparently, learned of this via the press, it is clear that the saga is far from over. However, a number of issues have arisen from the responses to the collapse this morning, and in this post we will analyse those responses. Thomas Cook had been struggling for quite some time. In the summer it had reported a £1.5 billion loss . Over the year, it had issued 3 separate profit warnings. As a result, it had sought to bring in new investment and reconfigure its debts. The new deal involved the Chinese Group Fosun – a conglomerate that also owns British Football Club Wolverhampton Wanderers – and would see the ...