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Orient Express Hires Deutsche BankMarch 16, 2009 By: Travel Agent Central Contributor
Orient Express has hired Deutsche Bank to examine a range of options as it teeters on economic turmoil, UK paper The Telegraph reports. Options include selective disposal of a few core operations, a partnership with a new investor or even the sale of the entire company. The luxury travel group, which owns such hotels as Venice's Cipriani, has experienced a steady drop in its shares on the New York Stock Exchange. Parties interested in acquisition or further investment include India's Tata and Dubai's Jumeirah Hotels. Property tycoons David and Simon Reuben, already investors in Orient Express, could also raise their stake in the company, according to reports.