Club Med Under Takeover Pressure

Category: Hotels, Posted:20 Jul 2014 | 06:00 am

Hotel industry news lines are buzzing over the take over offers from Club Med's two leading shareholders.
In what is looking to be a hostile action, Chinese conglomerate Fosun International and AXA Private Equity are both angling to control the hospitality brand.
A strategic expansion plan of the two groups varies broadly in what is becoming an east versus west battle.
Club Med and its highly valued distribution network remain a strong investment object of desire.

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