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Royal Caribbean Selling Azamara Brand

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Royal Caribbean has announced they are selling its Azamara cruise line brand. According to Business Insider, the company will sell the line to Sycamore Partners for $201 million. The Azamara deal is the latest in a series of cruise industry disruptions amid the COVID-19 pandemic. The Azamara sale is a cash transaction between Royal Caribbean and Sycamore Partners, a private equity firm. Sycamore will then own the cruising brand and its fleet of three ships.

Added on the 19/01/2021 22:03:04 - Copyright : Wochit

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