China's Fosun gets reality check with Thomas Cook collapse

China's Fosun gets reality check with Thomas Cook collapse

FILE PHOTO: The Thomas Cook logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration

The collapse of Fosun Group’s flagship European investment, Thomas Cook, is proving to be a reality check for the Chinese conglomerate’s ambitions to create a global travel empire via flashy acquisitions.

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