Upmarket French leisure group Club Med is branching out in China where it will open a ski village next year to boost its profits, it said on Friday, reporting a fall in yearly earnings. "We... aim to make China one of our largest markets within the next five years, with five managed villages due to open there" by 2015, the ...

PARIS (Reuters) - France's Club Med aims to drive forward its shift upmarket next year with plans to enter China, after its new strategy helped fiscal 2009 profit at its holiday villages inch higher despite the economic downturn. Restructuring costs and impairment charges pushed the group to a full-year net loss of 53 million euros ($78 million), against a 2 ...

The French financial market regulator AMF said on Thursday it had opened an investigation into trading in shares in French leisure group Club Med. The announcement came shortly after Club Med said it had lodged a complaint with the state prosecutor accusing flamboyant French financier Bernard Tapie, who has expressed an interest in acquiring the group, of spreading false information ...

French businessman Bernard Tapie said on Monday that he would make a decision on taking a stake in holiday company Club Med by June 15. Tapie told AFP that he had no intention of launching a takeover of Club Med at the moment because any stake he would acquire would of necessity be a minority one. Club Med shares soared ...