Club Med’s Chinese Owner Weighs Options for Resort Chain
- Fosun informally fielding interest from potential buyers
- Conglomerate may seek to raise $1.5 billion in possible sale
A fitness class at the Club Med resort in Guilin, China.
Photographer: Kelvin Chan/APThis article is for subscribers only.
Fosun International Ltd. is considering strategic options for French luxury resort chain Club Med SAS as the Chinese conglomerate explores ways to cut debt, people with knowledge of the matter said.
The Shanghai-based group has been informally fielding interest from potential buyers of Club Med, the people said, asking not to be identified because the information is private. It could seek to value the business at around $1.5 billion in any transaction, according to the people.