Club Med Going Chinese
Category: Hotels, Posted:17 Oct 2014 | 06:00 am
The long-winded Club Med shareholder drama looks to be coming to an end with a China investor assuming a key role.
Fosun International's has gained board support, which is premised on the group's expansion strategy to be highly Asia focused.
Management appears to have secured an ongoing role, including leadership of the brand.
An Italian private equity bid looks to have failed, which had created uncertainty for the group, though this now looks to be resolved.
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