Thomas Cook slumped to a £590 million loss in its last financial year and is working on plans to slash costs.
As well as shutting stores, the UK's second-biggest travel company has trimmed its airline fleet and sold off hotels after it was forced to turn to its banks for an additional £200 million of loans in 2011.
More top news
The business group is warning Theresa May she is running out of time to make progress on a Brexit deal.
The attacks came as Erdogan promised to expand Turkey's border operations against a US-backed Kurdish group in the fight against IS.
The Office for Product Safety and Standards will manage responses to large scale product recalls and identify risks to consumers.