Articles tagged “fosun”

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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.

1 year 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?

1 year 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.

1 year ago

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.

1 year 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.

1 year 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.

1 year 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.

1 year 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.

1 year 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.

1 year 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.

2 years 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.

2 years 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.

2 years ago