Articles tagged “fosun”

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Thomas Cook Will Struggle to Drum Up Sale Interest: Analysts

Thomas Cook Will Struggle to Drum Up Sale Interest: Analysts

William Canny, Bloomberg

The financial side of things doesn't look good for Thomas Cook, but the company will be hoping someone sees the value in a brand with a 178-year legacy.

5 months ago

Fosun Moving Forward on Thomas Cook Offer After Exec Drops Hint

Fosun Moving Forward on Thomas Cook Offer After Exec Drops Hint

Tom Lowry, Skift

You heard in Singapore first. The CEO of the Fosun Tourism Group did not deny the company was moving ahead with a larger play for Thomas Cook at Skift Forum Asia. Keep your eyes peeled for what would be one of travel's biggest deals of 2019.

6 months ago

Fosun Exec Does Not Rule Out Buying Thomas Cook

Fosun Exec Does Not Rule Out Buying Thomas Cook

Tom Lowry, Skift

Fosun says a major path to its future is through acquisitions. But Qian Jiannong wouldn't tip his hand on Thomas Cook. It sure feels like a bigger deal is in the works.

7 months ago

Skift Forum Asia: Fosun Tourism CEO on Creating the Foliday Brand

Skift Forum Asia: Fosun Tourism CEO on Creating the Foliday Brand

Patrick Whyte, Skift

Fosun has quietly integrated the companies it has either invested in or bought into its Foliday ecosystem, with the plan to manage and control every stage of the tourism experience.

7 months ago

Thomas Cook Sees Shares Rise on Takeover Talk

Thomas Cook Sees Shares Rise on Takeover Talk

Lucca de Paoli, Bloomberg

Takeover rumors can do wonders for a company's share price. We'll have to wait and see whether talk turns to action in the case of Thomas Cook.

8 months ago

Fosun’s Venture Capital Arm Backs Israeli Booking Site in an Ongoing Travel Push

Fosun’s Venture Capital Arm Backs Israeli Booking Site in an Ongoing Travel Push

Sean O'Neill, Skift

While Western media tends to focus on the funding moves of corporate venture capital arms of regional brands like JetBlue and EasyJet, it’s also important to see how key investment players in Asia, like Shanghai-based Fosun, are investing, such as in Splitty, a hotel booking startup.

8 months ago

Fosun Anchors New China Resorts With Club Med and Thomas Cook Brands

Fosun Anchors New China Resorts With Club Med and Thomas Cook Brands

Raini Hamdi, Skift

Fosun bets on integrated resorts to address the needs of Chinese travelers, who are showing interest in these types of experiences. Why not use what’s already in the family? Thomas Cook and Club Med should be ever so pleased.

11 months ago

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 year 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 year 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.

1 year 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.

1 year 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?

2 years ago