Big changes in cruising: Royal Caribbean to sell Azamara
Jan 19, 2021
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The ongoing pandemic has caused sea changes throughout the travel industry. Today, Royal Caribbean announced that it had entered a “definitive agreement” to sell its beloved Azamara brand to Sycamore Partners. If you’re not familiar with Sycamore, it’s a private equity firm. The deal, worth $210 million, is expected to close in the first quarter of 2021.