The boss of Hays Travel, which bought Thomas Cook’s High Street shops after it collapsed, has told the BBC he will not sell the enlarged business.

John Hays, who owns the chain with his wife Irene, said that he received approaches to buy the Sunderland-based business “pretty well every week”.

But he had “no intention” to sell the business started in his mother’s childrenswear shop in 1980.

“We love the model that we’ve got,” he said

He told BBC’s Today programme: “My wife Irene and I own all of the company.

“All the profits that we make, we can put back into the business to grow the business, create more investment more jobs and keep it going”.

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