Retail in Asia

In Shops

Tata Group shows increased interest in Orient Express Hotels

India Hotels, part of giant group Tata, has restarted efforts to boost its stake in Orient-Express Hotels Ltd., according to a report by Bloomberg.  

The Mumbai-based company has approached Orient-Express about a deal, though discussions are at an early stage and may fail to lead to an agreement, the people said, declining to be identified as deliberations are private.

Indian Hotels owns 6.9 percent of Hamilton, Bermuda-based Orient-Express, whose market value has jumped 32 percent this year to USD1.2 billion.

(Source: cpp-luxury.com)