Madhavan Menon – Chairman and Managing Director, Thomas Cook India Ltd on Brexit

Mr. Madhavan Menon_Chairman & MD  Thomas Cook (I) Ltd“Currently travellers need separate visas for the United Kingdom and Europe and this is unlikely to change anytime in the foreseeable future. Our various businesses at Thomas Cook India, including the foreign exchange business remains fully hedged. The current volatility will not impact our core business in any way, however we will witness wide spreads in the currency trade for the short term and expect that the market will settle down and currencies will find their own levels. On our product strategy, we constantly review prices in line with the input cost and that will remain unchanged.” – Mr. Madhavan Menon – Chairman and Managing Director, Thomas Cook (India) Ltd.

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