Articles tagged “club med”

Club Med Owner Fosun Expects Tourism IPO to Hit Lower End of Pricing

Club Med Owner Fosun Expects Tourism IPO to Hit Lower End of Pricing

Crystal Tse, Bloomberg

With stocks falling across the world, it might not be the best time to launch an IPO.

1 week ago

Club Med Owner Fosun Looks to Raise $548 Million in Hong Kong IPO

Club Med Owner Fosun Looks to Raise $548 Million in Hong Kong IPO

Crystal Tse and Jinshan Hong, Bloomberg

Hong Kong's IPO market is on a tear this year, and Fosun wants to grab a piece of that investor enthusiasm by spinning out its tourism group. It's been three years since Fosun took over Club Med, and the turnaround plan seems to be on track.

2 weeks ago

Fosun Gets OK to Spin Off Club Med

Fosun Gets OK to Spin Off Club Med

Bloomberg News, Bloomberg

Talk of Chinese companies abandoning their global approach to dealmaking seems wide of the mark in Fosun's case. The conglomerate is intent on making further acquisitions and spinning off its tourism unit is part of the plan.

5 months ago

Video: Club Med’s Europe and Africa CEO on the Evolution of the All-Inclusive Vacation

Video: Club Med’s Europe and Africa CEO on the Evolution of the All-Inclusive Vacation

Deanna Ting, Skift

If Club Med has its way, the "all-inclusive" vacation should no longer conjure up images of tacky beach clubs and all-you-can-drink-and-eat buffets.

6 months ago

Club Med Parent Fosun Mulls Acquisitions in North America

Club Med Parent Fosun Mulls Acquisitions in North America

Bloomberg

Another Chinese conglomerate, this one with insurance, pharmaceutical, and tourism holdings, is looking to expand globally through acquisitions. Given that HNA Group, Dalian Wanda Group. and Anbang are scurrying to unload assets, does Fosun's strategy raise any red flags?

7 months ago

Skift Forum Europe Preview: How Club Med Is Reimagining the All-Inclusive Resort

Skift Forum Europe Preview: How Club Med Is Reimagining the All-Inclusive Resort

Patrick Whyte, Skift

Since 2004, Club Med has tried to change the perception of all-inclusive resorts. Part of this is a move upmarket but it has also meant targeting new nationalities and destinations.

8 months ago

Fosun Groups Its Club Med and Thomas Cook Assets Into a New Tourism Entity

Fosun Groups Its Club Med and Thomas Cook Assets Into a New Tourism Entity

Bloomberg

After a series of investments and acquisitions it's always good to regroup and then decide the best way to organize it all. And when you're dealing with two of Europe's most recognizable tourism brands, it's essential to do it right.

2 years ago

Skift Backstage Podcast: Club Med President on the Future of All-Inclusive

Skift Backstage Podcast: Club Med President on the Future of All-Inclusive

Hannah Sampson , Skift

How does a decades-old brand transform itself? Listen to this bonus episode for some insight from Club Med's president.

2 years ago

Video: Club Med CEO on Upscaling the All-Inclusive

Video: Club Med CEO on Upscaling the All-Inclusive

Hannah Sampson, Skift

Sometimes size and scale distract from a company's mission. Club Med's CEO has learned that it's better to zero in on a target market and serve them well rather than cast a too-wide net.

2 years ago

Club Med Targeting Affluent Millennial Families in Bid to Redefine Its Brand

Club Med Targeting Affluent Millennial Families in Bid to Redefine Its Brand

Sarah Enelow, Skift

Theoretically, this isn't your grandparents' Club Med. Affluent millennial parents and their kids are now part of the demographic -- or at least they are increasingly the target demographic.

2 years ago

Starwood Capital and Fosun Consider Ascendas Hospitality Bids

Starwood Capital and Fosun Consider Ascendas Hospitality Bids

Vinicy Chan, Pooja Thakur and Joyce Koh, Bloomberg

The smartest financial players in hotels are buying real estate these days, not shedding assets.

3 years ago

ClubMed Experiments With Facebook’s New ‘At Work’ Service for Internal Communication

ClubMed Experiments With Facebook’s New ‘At Work’ Service for Internal Communication

Alexandra E. Petri, Skift

With 13,000 employees in more than 40 countries, Club Med is using Facebook At Work to connect its colossal workforce and promote connections across its various locations. Considering how awful and unused most Intranets are, this is a great idea.

3 years ago