île de France; Paris;
Location of affected unit(s)
Paris Bercy 12
Administrative Services
Travel Agency, Tour Operator And Other Reservation Service And Related Activities
Travel Agency, Tour Operator And Other Reservation Service And Related Activities
79 - Travel agency, tour operator and other reservation service and related activities

101 jobs
Number of planned job losses
Job loss
Announcement Date
26 June 2009
Employment effect (start)
2 November 2009
Foreseen end date
30 June 2010


Club Med World, a company in the leisure and tourism sector, has announced that the group has decided to close Club Med World Paris to the Works Councils of Club Méditerranée SA and Club Med World France, which will lead to the loss of 101 jobs. A range of measures would be introduced to reduce the impact on the employees concerned and support outplacement initiatives.

Since 2003, Club Méditerranée has helped Club Med World to deploy a wide range of measures intended to reverse the revenue decline and restore profitability. Despite these efforts, the Club Med World "urban leisure" concept continues to show a loss. Moreover, it does not fit with the Group's strategic refocusing on its Villages business, which has seen a considerable improvement in operating margins over the past two years.

As for the Paris site, whose lease expires on 30 June 2010, no business model has been found to stem the losses, which total nearly EUR 40 million since its opening. Created in 2000 as part of a diversification strategy, the Club Med World concept was to be rolled out to the capitals of several countries. In 2003, the Club Med World in Montreal had to be closed because of substantial losses.



Eurofound (2009), Club Med World, Closure in France, factsheet number 69166, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69166.