Thursday, April 16, 2009

The Prince of TV Sleaze

"The Savoy, on London’s Strand, is owned by Fairmont Raffles Hotels International, in which the Prince’s Kingdom Holding Company (KHC) has a controlling stake. The values of the Prince’s stakes in companies such as Citigroup have fallen heavily recently. “If someone comes and makes an offer, I’m sure he will sell a lot of things. I do not think that anything has been formally put up for sale, but informally it is a different story,” said an executive close to the situation."