Rest and Invest: Fosun Group Buys A Piece Of Club Med
Not content to sit back while other global luxury tourism operators cash in on growing demand from China’s increasingly wealthy middle class, Shanghai-based Fosun Group buys a piece of Club Méditerranée, the Paris-based high-end resorts operator.
Allen T Cheng
July 5, 2010
Olga Vartzioti, a doctor from Greece, relaxes by the pool at Club Med in Grecolimano, Greece, on Friday, June 13, 2008. Club Mediterranee SA, Europe's largest resort operator, reported a first-half loss after spending more money to improve its properties and paying most of its annual rental costs at the start of the year. Photographer: Yannis Kontos/Bloomberg News
YANNIS KONTOS/BLOOMBERG NEWS
