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Hobbled by a reputation that has become passé, Club Méditerranée (popularly known as Club Med) is struggling to revamp its 1970s "sea, sex, and sun" image and overcome recent losses. With more than 1 million guests annually, the company owns 150 leisure operations in more than 40 countries, including about 80 resort villages and a cruise ship operation. Nearly 60% of its visitors come from Europe. Wanting to focus solely on its chain of holiday resorts, in late 2008 Club Med sold its Jet Tours operations to Thomas Cook Group, a leading travel services conglomerate, for $110 million. At the same time, it also sold a majority stake in its Club Med Gym operations to private equity fund 21 Central Partners.
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| | | Contact Information | |
Address: |
11 rue Cambrai
75019 Paris, France
| | Phone: | +33-1-53-35-35-53 | | Fax: | +33-1-53-35-32-01 |
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| Financial
Highlights | | Fiscal Year End: | October | | Revenue (2008): | 1950.10 M | | Revenue Growth (1 yr): | (-21.60%) | | Employees (2007): | 23,139 | | Employee Growth (1 yr): | 3.30% |
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Key People
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Chairman and CEO:
Henri Giscard d'Estaing
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EVP and CFO:
Michel Wolfovski
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Public Relations Manager, Club Med Americas:
Kate Moeller
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