Fosun joined hands with Club Med

Release time:2010-06-15 Content sourced from: Page View:

 

With its strong backing in industrial investments, Fosun is capable of assisting enterprises to optimise their development strategies to better capitalise on the “China’s growth momentum” and rapidly expand the shares of its invested and co-operated enterprises in their respective markets, thereby taking them to the next level.

 

In June 2010, Fosun successfully invested in the French premium resort hotel chain operator Club Med and appointed to it two directors. Club Med’s global service products have enormous potential in the market in China. It had yet to open its first onshore resort in China.

 

Fosun’s investment brought to the table proactive support to Club Med management’s China strategy, leveraging Fosun’s extensive government connections, branding and promotion resources, real estate business channels and capabilities, high-calibre talents, cross-sector, multi-regional edges, thereby facilitating Club Med’s accelerating development in China and recruitment of more middle to high-end customers.

 

Club Med officially opened its first resort in China in December 2010 and plans to open five more in the next five years. Following Fosun’s investment in June 2010, Club Med saw strong growth in its business in China, up 56% year on year in the first half of 2011, driving Club Med’s global net profit in the first half of 2011 to surge 233% year on year. Furthermore, Fosun’s investment in Club Med has been widely recognised by the capital market and shareholders, resulting in significant rallies in its share price.

 

Liang Xinjun talked about Fosun’s overseas investments plan
18 June 2010 (Tencent Finance – Dong Fang Daily) (Chinese version only) – Fosun’s Liang Xinjun said after the acquisition of Club Med’s 7.1% equity interest, Fosun’s future acquisition plan will continue focus on the global investment opportunities related to “China’s growth momentum”.

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