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Fosun's booster shot rejuvenates Club Med's growth plans

The group is planning a facelift for the chain and 20 resorts in China by 2021

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Published Fri, Sep 8, 2017 · 09:50 PM

    Singapore

    CLUB Méditerranée, more commonly known as Club Med, is accelerating its expansion in China by developing 20 resorts there by 2021, following a financial booster shot from the Chinese conglomerate Fosun Group.

    Speaking to The Business Times, president of Club Med Henri Giscard d'Estaing said the group's Franco-Chinese owners are set to give "a total face-lift" to one of France's best-known holiday resort chains.

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