How Giscard d’Estaing lost the battle against his Chinese bosses

From the start, marriage seemed to be unnatural. For example, Club Med. Meanwhile, its “village chiefs” who celebrates with customers, its “nice organizers” who have everyone, its inheritance sea, sex & sun embodied by the how giscard d’estaing lost battle film Bronzed (1978)… a whole spirit quite distant from Chinese culture. Meanwhile, And. yet, Henri Giscard d’Estaing, at the head of Club Med since 2002, and Fosun, its Chinese owner since 2015, advanced their boat together for almost ten years … before the relationship was turned in a few months.

To the point that. Wednesday, July 16, Henri Giscard d’Estaing announced to his teams his resignation from the company, which he had integrated in 1997, and organized in the process a press conference. A departure “Forced”he explains, against the backdrop of « divergences » With Fosun on the group’s future and its management. All. while this flagship of French tourism is at best its form: growing, Club Med achieved 2 billion euros in turnover in 2024, and released an operating margin of 10 %. The backdrop is the assertion of the leadership of Fosun. a conglomerate with colossus airs with how giscard d’estaing lost battle clay feet, very indebted from the Cavid-19 pandemic, which struggles to straighten the bar in a context of slowing Chinese growth.

You have 73.55% of this article to read. The rest is reserved for subscribers.