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Club Med's Americas division of 11 resorts, most of which are located in the Caribbean and South America, last year posted its first operating profit—€5 million—in the past decade.

Club Med Looks West for Fresh Powder Kris Hudson 2012

Agence France-Presse/Getty Images Club Med's Henry Giscard d'Estaing, right, celebrates the signing of a partnership agreement with Fosun in June 2010.

China Turns Investment Eye to Europe Aaron Back 2012

Ironically, included among the hotels closed during Club Med's eight-year revamp were two ski resorts in Colorado—Crested Butte and Copper Mountain—that it owned.

Club Med Looks West for Fresh Powder Kris Hudson 2012

"If you want to be the leader in something, you should be everywhere the market is," said Xavier Mufraggi , chief executive of Club Med's North American operations.

Club Med Looks West for Fresh Powder Kris Hudson 2012

Mr. Giscard d'Estaing said he believes U.S. ski customers will be willing to pay Club Med's higher rates—which range between $2,500 and $3,500 per person per week at its European resorts—because the charges include lift tickets, ski lessons and other activities at its hotels.

Club Med Looks West for Fresh Powder Kris Hudson 2012

Club Med CEO Henri Giscard D'Estaing sits down with WSJ's Kris Hudson to discuss the transformation of Club Med's resorts and the company's plans for 2012, including moving into China.

Club Med Looks West for Fresh Powder Kris Hudson 2012

I found Med's Movie Manager to be a much more effective program!

GuruLib Catalogues Your Media And More | Lifehacker Australia 2009

Club Med's first Chinese location, in the works before the Fosun deal, opened in January.

Corporate China Spreads Its Wings Dinny McMahon 2011

Club Med Chairman and CEO Henri Giscard d'Estaing , son of former French president Valéry Giscard d'Estaing, said he envisions most guests at its ski U.S. resorts will be American, with the balance being Europeans and others who have skied at Club Med's resorts in the Alps.

Club Med Looks West for Fresh Powder Kris Hudson 2012

Neither fit Club Med's criteria for joining its upmarket push.

Club Med Looks West for Fresh Powder Kris Hudson 2012