Club Med Under Takeover Pressure
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.