China and India are the fastest growing economies in the world and are expected to stay that way for the foreseeable future. Many international companies have had large operating and development teams in the region for sometime. Uniformly all companies are accelerating their activity. Those with mid-market and economy brands see this as the opportune [...]

PARIS - Carrefour, the European answer to Wal-Mart and the world’s second-largest retailer, is in play.
It is a classic story, involving generational tensions, a senior executive summarily dismissed and pressure from powerful investors hunting for profit. But it is also a very French story because the value of the treasure at the tale’s core — [...]

Kingdom Hotel Investments said it sold part of its minority shareholding in Fairmont Raffles Holdings International for 12.6 mln usd to Ontario Municipal Employee Retirement System (OMERS), a Canadian pension fund management company.
The international hotel and resort investment company said proceeds from the sale will be used for further expansion and development of the KHI [...]

The historic Banff Springs hotel is reported to be up for sale in the wake of the merger of Fairmont Hotels and Raffles Hotels.
The Times of London reported that the Banff Springs hotel is on a list of 15 properties that the recently joined Fairmont Raffles has put up for sale to raise about $2.5 [...]