Thomas Cook's interim chief executive, Sam Weihagen
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Thomas Cook to close 200 UK stores

Travel firm Thomas Cook has said it will close 200 stores over the next two years as part of its turnaround plan for its UK business.

News of the store closures came as it reported a £398m ($616m) annual loss for the year to the end of September.

The world's oldest travel agency has been looking to cut its debts to restore the confidence of investors.

In November, it secured £200m of new financing, just days after seeing its shares plunge 75% in one day.

Sam Weihagen, interim Chief Executive of Thomas Cook, spoke to BBC Breakfast.

  • 14 Dec 2011