a former enterprise owned by the Thomson Company
Thomson Journey Group plc was a enterprise fashioned by the Thomson Company of Canada, when it was floated on the London Inventory Trade in 1998. It was acquired by Preussag AG, an industrial and transport conglomerate, in 2000. The group continued till 2002 when it was renamed TUI Northern Europe Restricted, a full subsidiary of TUI AG.
The corporate was created in 1965 when Thomson Company of Canada acquired 4 tour operators, Skytours, Riviera, Luxitours and Gaytours in addition to the airline Britannia Airways, and named the mixed enterprise Thomson Journey.
In 1970, the enterprise was re-launched as “Thomson Holidays” below the management of Bryan Llewellyn as managing director.
In 1972 Thomson acquired Lunn Poly, a small chain of brokers which Thomson grew to change into the biggest chain of journey brokers in the UK.
In 1981, Thomson Holidays had been the primary recorded customers of Enterprise-to-Enterprise on-line procuring.
The enterprise was floated on the London Inventory Trade with a valuation of £1.7 billion as Thomson Journey in Could 1998.
In 2000, Thomson Journey was acquired by Preussag AG, an industrial and transport conglomerate. Though Preussag AG, which re-named as TUI AG in 2002, retained the Thomson model for some time, it was retired utterly in 2017.
Thomson Founders’ Membership
When Thomson Journey was floated in 1998, new shareholders got membership within the “Thomson Founders’ Membership” which supplied a 10% low cost on Thomson holidays. Membership was conditional on retaining a minimal of 294 shares, however when Thomson Journey was acquired by Preussag membership of the Founders’ Membership was made everlasting and unconditional. Nevertheless, on 31 January 2008 the Membership was abolished with out discover or compensation.