I agree CEO we do not know if Fosun will change strategy, but ruling it out is a leap of faith. If you have to write offThomas Cook I suspect you might at the very least rethink your strategy and tighten the screws on non-core investments unless they are producing results. (I live in hope of course with Buru.)
"Fosun was co-founded by billionaire Guo Guangchang and is one of China’s biggest conglomerates. It has spent billions of dollars over the past decade on healthcare, tourism and fashion companies in the United States and Europe.Fosun said earlier this year it would adopt an asset-light strategy and run Club Med resorts it plans to launch in China and other countries under management contracts.
While Beijing has forced a number of other acquisitive private Chinese conglomerates including HNA Group and Anbang Insurance to turn from buying foreign companies to selling off assets, Fosun has remained an active purchaser in sectors ranging from finance to pharmaceuticals.
It recently bought into Tickled Media, a Singaporean online parenting information platform."
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