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
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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