buy canada goose jacket cheap Italy’s Bonomi challenges regulator on Club Med bid deadline buy canada goose jacket cheap
canada goose coats PARIS, June 23 canadagooseoutlete (Reuters) In a fresh twist to the battle for Club Mediterranee, Italian tycoon Andrea Bonomi Canada Goose Outlet is challenging a regulator decision to set an end June deadline for one of his funds to make a uk canada goose rival bid for the resort operator, buy canada goose jacket cheap or be banned for six months from doing so. canada goose coats
cheap Canada Goose Club Med is already being courted by French private equity firm Canada Goose sale Ardian and Chinese conglomerate Fosun International, which together have made a 557 million euro ($756 million) offer for canada goose uk black friday the French pioneer of the all inclusive holiday resort. cheap Canada Goose
Canada Goose online The AMF watchdog said last month it would not set a closing date for the bid a vital part of the regulator handling of a bid process until Bonomi decided whether he would make canada goose uk outlet a counter offer, giving him until June 30 to clarify its position. Canada Goose online
canada goose But Bonomi is challenging this stance. canada goose
canada goose clearance request has buy canada goose jacket been submitted, a spokesman for the Bonomi family BI Invest fund said on Monday, after Le Figaro daily said Investindustrial, one of the private equity funds led by Bonomi and part of BI Invest, was challenging the AMF Canada Goose Parka decision. canada goose clearance
The spokesman gave no Canada Goose Outlet reason for the challenge and the AMF declined to comment.
A source close to the matter told Reuters the challenge had been filed with the Paris Court of Appeal and a decision was slated for July 2.
buy canada goose jacket The watchdog Canada Goose online had asked for clarity on Bonomi intentions towards Club Med after another one of his funds, Luxembourg based Strategic Holdings, became the company top shareholder last month cheap canada goose uk with a stake of nearly 11 percent. buy canada goose jacket
canada goose coats on sale Club Med said earlier this month it had received an canadian goose jacket of interest from Investindustrial on a possible offer and had given the fund access to its financial data. But so far Bonomi has not said if he would bid. canada goose coats on sale
Canada Goose Parka Strategic canada goose coats on sale Holdings built its holding amid shareholder resistance to the Fosun Ardian offer, which at 17.50 euros per share is well where Club med shares have been trading. They were down 0.4 percent at 19.17 euros by 1056 GMT. Canada Goose Parka
canada goose black friday sale DOORS OPEN Ardian and Fosun have so cheap Canada Goose far refused to raise their offer. They could not be immediately reached for comment on Monday. canada goose black friday sale
canada goose store Should Investindustrial choose not to bid for Club Med by 1600 GMT on June 30, it would canada goose be barred from making an offer for six months, the AMF has said, a situation Bonomi lawyers argue would penalise their client, according to Le Figaro. canada goose store
Canada Goose sale A source close to the matter said Bonomi challenge reflected his reluctance to mount a bid for Club Med, while another source close to the situation said it was likely to be aimed at all doors open Canada Goose sale
canada goose deals With a stock market value of 618 million euros and annual sales of 1.4 billion, Club Med competes with hoteliers including Intercontinental and Accor, as well as tour operators such as TUI Travel and Thomas Cook. canada goose deals
canadian goose jacket Its recent drive to reinvent canada goose factory sale itself as an canada goose coats upmarket operator has been stifled by an economic downturn in Europe, where Canada Goose Coats On Sale it Canada Goose Online still makes 70 percent of its revenue. Club Med is expanding in fast growing China, canada goose black friday sale where it has three holiday villages after opening a Canada Goose Jackets third on Dong island last week. canadian goose jacket
Fosun, with a 9.96 percent stake, and Ardian, canada goose store with 9.4 percent, have said their plan is to accelerate Club Med shift to China, which Club Med wants to canada goose clearance make its second biggest zone after France by 2015.
canada goose clearance sale As a private equity investor, Bonomi has a uk canada goose outlet record of reviving premium brands and reselling them for a healthy profit. He is known for buying motorbike maker Ducati in 2006 and selling it to Volkswagen Audi in 2012 for about 860 million euros, three times the estimated initial investment. canada goose clearance sale
Canada Goose Outlet Apart from deeming the Fosun Ardian offer as too low, Bonomi has been tight canada goose uk shop lipped on his plans for Club Med. Canada Goose Outlet
Canada Goose Jackets what Investindustrial knows canada goose clearance sale about Club Med at this stage, it does not believe that the future of Club Med is solely in China. There is also the rest of Asia, Russia, the Middle East and Latin American families who travel more these days, a source close to the matter told Reuters. ($1 = 0.7366 Euros) (Additional reporting by Cyril Altmeyer; Editing by David Holmes) Canada Goose Jackets.