Articles tagged “fosun”

Greenwashing Goes On in Asia’s Massive Hotel Development

Greenwashing Goes On in Asia’s Massive Hotel Development

Raini Hamdi, Skift

Asia leads the global hotel pipeline and many more luxury hotels and wellness resorts will be opening in its fragile environments. Low-impact advocates are trying to lead by example, but they're too small and too few to effect a sea change.

4 weeks ago

Fosun Swoops on Thomas Cook Brand Names

Fosun Swoops on Thomas Cook Brand Names

Patrick Whyte, Skift

Given Fosun's desire to help keep Thomas Cook afloat, the news shouldn't come as a surprise, especially since the Chinese company's Foliday ecosystem features the storied brand name.

1 month ago

Thomas Cook Is Dead, Long Live Thomas Cook — in Asia

Thomas Cook Is Dead, Long Live Thomas Cook — in Asia

Raini Hamdi, Skift

Thomas Cook Group may have caved in, but in China and India, the companies that bear the name are profitable. Why?

2 months ago

Asia Reels From Thomas Cook’s Collapse as Travel Businesses Sort Through the Confusion

Asia Reels From Thomas Cook’s Collapse as Travel Businesses Sort Through the Confusion

Raini Hamdi, Skift

Kuoni died, and now Thomas Cook, even though the jury is out if it's just the UK business or continental Europe or the Nordic operations as well. Thomas Cook's tour operating market in its glory days practically made Asia tourism, so many across the region are mourning this loss, reconciling themselves with the fact that nothing lasts forever.

2 months ago

UK Aviation Regulator on Alert in Case Thomas Cook Rescue Plan Collapses

UK Aviation Regulator on Alert in Case Thomas Cook Rescue Plan Collapses

Michael Msika, Bloomberg

Time is ticking and Thomas Cook needs to secure its new financing sooner rather than later.

3 months ago

Thomas Cook Rescue Under Threat From Hedge Fund Challenge

Thomas Cook Rescue Under Threat From Hedge Fund Challenge

Katie Linsell, Bloomberg

Plenty of people thought Thomas Cook's rescue was a formality after last month's announcement of a "substantial agreement," but these complex financial deals often hit stumbling blocks as this late intervention shows.

3 months ago

How Not to Close an Island: Tourism Lessons From Indonesia

How Not to Close an Island: Tourism Lessons From Indonesia

Raini Hamdi, Skift

Closing islands for a rehab seems fashionable in Southeast Asia. It shouldn’t be. Authorities must first assess options carefully, and by no means should premature announcements be made. Just look at the Komodo Island example and the wrong messages Indonesia has sent about one of its most unique tourism assets.

3 months ago

Thomas Cook Closes In on $1.1 Billion Rescue Deal

Thomas Cook Closes In on $1.1 Billion Rescue Deal

Patrick Whyte, Skift

Thomas Cook's chances of escaping its current financial mess still rest in the hands of Fosun and its creditors. While Wednesday's announcement is good news for travelers and the company's employees, there are still a number of hurdles to clear.

3 months ago

Thomas Cook Needs Additional Funds to Get Through the Winter

Thomas Cook Needs Additional Funds to Get Through the Winter

Christopher Jasper, Bloomberg

The need for an additional $181 million implies that things have gotten worse for Thomas Cook since the news of Fosun's rescue bid emerged last month. The situation needs to be resolved quickly.

4 months ago

Thomas Cook’s New Investor Reveals Turnaround Plans

Thomas Cook’s New Investor Reveals Turnaround Plans

Asli Kandemir, Luca Casiraghi and Richard Weiss, Bloomberg

How much longer can Thomas Cook stay silent? With Neset Kockar fleshing out his plans, the tour operator will surely have to say whether or not it views his approach as credible.

4 months ago

New Thomas Cook Investor Talks Up Company’s Potential

New Thomas Cook Investor Talks Up Company’s Potential

Simon Foy, Bloomberg

It sounds like we should be preparing ourselves for a new takeover approach. The question is what will Fosun do if and when it comes?

4 months ago

Thomas Cook Plans $940 Million Rescue With Fosun as Breakup Looms

Thomas Cook Plans $940 Million Rescue With Fosun as Breakup Looms

Patrick Whyte, Skift

The news isn't great for shareholders, but it does offer some encouragement to employees and anyone who has booked a flight or holiday this summer.

5 months ago