Wednesday, December 12, 2007

Quote of the day

"We do not believe that there is a strategic fit between your
predominantly domestic Indian hotel chain and our global portfolio of
luxury hotels": Paul White, CEO, Orient-Express wrote to R K Krishna
Kumar, vice-chairman, Indian Hotels.

Orient Express had cited possible "erosion in value of its premium
brands" as reason for turning down the offer for a tie-up with the
"predominantly Indian" chain.

Don't know what exactly to say

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