Compagnie des Alpes See Profits Rise
25th September 2018
The Compagnie des Alpes group which runs many of the leading ski resorts in France has reported a rise in profits.
Pre tax income rose 6.7 percent to 169.8 million euros over the period covering the ski season from November 1st to March 31.
The company had previously been the subject of speculation that a major foreign investor, most likely Chinese, might take a share in the business, sparking some concerns from ski communities.
Interested parties were reported to include Fosun, which already owns Thomas Cook and Club Med and has rolled them in to one entity, Fosun Tourism and Culture Group.
“The plan is still on the agenda. It is taking longer than expected. We are working on it very seriously,” said Compagnie des Alpes Chairman and CEO Dominique Marcel, adding that in fact his company were receiving ever more investment offers.