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Oh, Thomas Cook is Britain’s Toys R Us

In the end, Thomas Cook was groaning under $2.1 billion of debt, according to the company, most of it accumulated in pricey, ill-timed investments made years ago.

-- David Segal, NYT

To be honest (ugly American honest!) I've never heard of Thomas Cook, but it looks like kind of a Sandals or Club Med for middle class folks, that included the travel component. It looks like ~20,000 people will lose their jobs vs. 30,000 ex-Toys R Us workers - pretty comparable on a relative basis. Debt kills.

-- Scrib