Home Economics China’s Fosun To Outbid Italy’s Andrea Bonomi For Club Med

China’s Fosun To Outbid Italy’s Andrea Bonomi For Club Med

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China’s Fosun International is expected to outdo an Italian private-equity firm in the ongoing bidding war for control of French holiday operator Club Méditerranée, according to Reuters. The Chinese conglomerate, led by billionaire Guo Guangchang, introduced a last-minute offer for Club Med on Friday, with the deadline for a counteroffer from Italian capitalist Andrea Bonomi quickly…

China’s Fosun To Outbid Italy’s Andrea Bonomi For Club Med

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