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18. Not business as usual

from Travel Industry Today

From June 12: Last November, TravelBrands threw a party for industry partners at which CEO Frank DeMarinis boasted that the company they had bought from Thomas Cook just 18 months earlier had returned to profitability. So what happened? Barely six months later, Travel Brands owes its creditors $115.9 million and is under credit protection while it restructures. more


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