ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Thomas Cook collapse tarnishes aura of China's 'Warren Buffett'

Travel firm's failure a cautionary tale in Fosun International's $18 billion expansion

TOKYO -- The collapse of Thomas Cook Group on Monday not only left 600,000 stranded holidaymakers feeling miserable, it also damaged the reputation of "China's Warren Buffett."

Guo Guangchang chairs Fosun International, which together with its subsidiary is the largest shareholder in Thomas Cook. In the past several years the Chinese billionaire has overseen a roughly $18 billion acquisition spree, snapping up assets both at home and abroad -- from European resort operators to Cirque Soleil, Indian pharmaceutical interests and a Portuguese health care company.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more