December 19, 2019
Thomas Cook (India) Ltd. (TCIL), an Indian company owned by Canadian Fairfax Financial Holdings and fully independent from British Thomas Cook Group, operated under a trademark license agreement since 2012 to use the Thomas Cook trademark.
Following the financial collapse of the Thomas Cook group, TCIL now acquired the perpetual rights to use the Thomas Cook trademarks in India, Sri Lanka and Mauritius for a one-time payment of Rs 139 million (US$ 1.9 million). This amount corresponds to a factor of 7 times the annual license fees paid previously to the now defunct Thomas Cook plc. The running license payment corresponded to a royalty rate of roughly 0.25% on TCIL’s revenues.