The board of directors, at its meeting of February 21, 1997, acknowledged the group's catastrophic results (743 million francs in losses during the 1996 financial year) and the conclusions of an audit commissioned from an American firm and published by
The 1980s brought a number of changes to the organization of Club Med. The most important took place in 1982. That year, the Club was divided into geographical sectors (or zones) with the opening of offices abroad
In 1960, the club celebrated its 10th anniversary. The anniversary was celebrated at the Moulin de la Galette and the Salle Pleyel. Djerba, renovated, reopened with great fanfare after Tunisia gained independence in 1958 and that
The first village was established in Alcudia, a small fishing village located on the island of Palma de Mallorca in the Balearic Islands. Gérard Blitz had purchased surplus American equipment. (Maurice Blitz, Gérard's father and