(FILES) This photograph shows the logo of French travel and tourism operator Club Med on a facade in Vincennes, an eastern suburb of Paris, on January 14, 2025. Club Med is considering an initial public offering (IPO) in late 2026 or in 2027, its CEO Stephane Maquaire said on March 24, 2026, marking a shift for its majority shareholder, China's Fosun, which had previously ruled out this possibility. (Photo by Martin LELIEVRE / AFP via Getty Images)