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The decline of a corporate giant: After Thomas Cook, is Cox & Kings destined to face its Kodak moment?

Soon after Thomas Cook’s 178-year-long journey came to an end last month, the industry was abuzz with speculation that Cox & Kings was next in line. Early signs of trouble had been evident ever since the company defaulted on a payment in June. In the age of tech disruption, the Mumbai-based tour operator’s decline sends out a clear message to corporate giants — adapt quickly or become obsolete.
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7 Oct 2019 7 Mins Read 1 comments
In a stock exchange filing in September, Cox & Kings confirmed that it was looking for buyers. Getty Images
In a stock exchange filing in September, Cox & Kings confirmed that it was looking for buyers.
What is common among Kodak, Thomas Cook Plc, and Cox & Kings? Despite their rich heritage, all three became corporate dinosaurs, failing to adapt tothe changing times. Indeed, soon after Thomas Cook’s 178-year-long journey came to a halt last month, the travel industry had been abuzz with speculation that Cox & Kings was the next in line. To
much-needed clarity did at last come. But unfortunately, it was in the form of a marching order. (Disclaimer: Thomas Cook India Ltd (TCIL) is a separate entity from Thomas Cook PLC mentioned in the story and there was no impact on TCIL due to the collapse of Thomas Cook in the UK.) ( Graphic by Sadhana Saxena)
What is common among Kodak, Thomas Cook Plc, and Cox & Kings? Despite their rich heritage, all three became corporate dinosaurs, failing to adapt tothe changing times. Indeed, soon after Thomas Cook’s 178-year-long journey came to a halt last month, the travel industry had been abuzz with speculation that Cox & Kings was the next in line. To much-needed clarity did at last come. But unfortunately, it was in the form of a marching order. (Disclaimer: Thomas Cook India Ltd (TCIL) is a separate entity from Thomas Cook PLC mentioned in the story and there was no impact on TCIL due to the collapse of Thomas Cook in the UK.) ( Graphic by Sadhana Saxena)

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