Paul White, the president and chief executive of Orient-Express Hotels (OEH), who led the charge against Tata-promoted Indian Hotels Company Limited accusing it of making a hostile takeover bid, has stepped down.Business Standard said White quit on personal reasons. IHCL runs the Taj chain of luxury hotels and holds about 7% in OEH.White had been the voice of Orient-Express in 2007 when he made near-racist remarks against IHCL’s overtures of forging a strategic alliance after it picked up 10% stake in OEH, the report said. Following this, the two sides had engaged in a much-publicised verbal duel, with OEH refusing to budge from its position saying it did not see any “strategic fit” in partnering IHCL and the latter asking for a public apology from White.”We do not wish to be involved in an attempt to improve the performance of your non-Indian properties. We believe any association of our luxury brands and properties with your brands and properties would result in reduction in the value of our brands and of our business, and would likely lead to erosion in the revenue per available room (RevPAR) premiums currently achieved by our properties,” White wrote to IHCL then.This strongly-worded response was made after IHCL had sent a letter with six-point alliance proposal after meeting White late 2007.
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