Hewitsons has successfully completed another deal for Midcounties Co-operative, which has seen it acquire a further five shops from the Thomas Cook and Co-operative Travel joint venture, helping to grow its travel division even further.
Hewitsons has successfully completed another deal for Midcounties Co-operative, which has seen it acquire a further five shops from the Thomas Cook and Co-operative Travel joint venture, helping to grow its travel division even further. The deal follows last year’s acquisition of seven Thomas Cook / Co-operative Travel shops, and brings the group’s high street travel agency network to 60, with ambitions to reach around 100 stores by the end of 2015. The latest acquisition has seen Midcounties take on the company’s 18 staff, with a further five now recruited, and plans for three to four more full and part-time staff to fill remaining positions in the stores. Warwick-headquartered Midcounties Co-operative bought two Thomas Cook branches located in Great Missenden and Market Harborough, and three Co-operative Travel branches in Hucknall near Nottingham, Uttoxeter and Chelmsley Wood in the Midlands. Alastair Rowland, Group General Manager for Travel at The Midcounties Co-operative, said: “We are delighted acquire the five branches from the Thomas Cook Co- operative Travel joint venture, taking our retail estate up to 60. Hewitsons helped us secure seven branches last year and were highly efficient and pro-active, so the choice of lawyers was easy this time around.” Neil Harpham, partner at Hewitsons, said: “This is the second travel agency deal we have successfully completed for Midcounties and both deals provided a great opportunity for our specialist teams to work together to meet the commercial requirements of one of our key clients. Midcounties has specific ambitions in this sector and we are pleased to help them achieve their business goals.” The acquisition, which will help the company expand its travel division and further grow its high street presence, saw Hewitsons’ Northampton corporate, property, employment and pensions teams work together to achieve a successful outcome. For more information, please contact Neil Harpham on 01604 233233 or click here to email Neil.