Mandarin Oriental has eyes on luxury brand acquisitions

12/9/2009 | Bloomberg

As hotel companies struggle in the ongoing downturn, Hong Kong-based Mandarin Oriental International Ltd. says it is open to the possible acquisition of luxury brands. Speaking at the opening of the 392-room Mandarin Oriental in Las Vegas, Mandarin CEO Edouard Ettedgui said, "If a luxury brand becomes available at a reasonable price, we're interested."

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