Articles tagged “fosun”

Fosun Tourism Raises Less Than Intended in Hong Kong IPO

Fosun Tourism Raises Less Than Intended in Hong Kong IPO

Crystal Tse, Bloomberg

The owner of Club Med and Atlantis Sanya eyed as much as $548 million, but raised $426 million in its Hong Kong initial public offering.

1 week ago

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

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

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

Fosun Expanding Club Med Ownership With New Stake in Thomas Cook

Fosun Expanding Club Med Ownership With New Stake in Thomas Cook

Richard Weiss, Bloomberg

Better access and insight into outbound Chinese travelers will no doubt come in handy for Thomas Cook.

4 years ago