The OFT today made a fast-track reference to the CC of the anticipated travel
business joint venture between Thomas Cook, the Cooperative Group and the
Midlands Co-operative Society. The joint venture would bring together two of the
three largest travel agents on the UK high street. The OFT is concerned that, if the
joint venture went ahead, it could significantly affect competition in the supply of
travel services via retail travel agency outlets in the UK, which remain an important
distribution channel, in particular for package holidays and other holiday products.
Click here for the press release.