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Tuesday, 01/19/2021 11:51:09 AM

Tuesday, January 19, 2021 11:51:09 AM

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Royal Caribbean Group (RCL +1.5%) enters an agreement to sell its Azamara brand to PE firm Sycamore Partners for $201M.

Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet and associated intellectual property.

The transaction is subject to customary conditions and is expected to close in the first quarter of 2021.

https://seekingalpha.com/news/3652264-royal-caribbean-pads-balance-sheet-with-sale-of-azamara-brand-

This is in fact BAD news, the company needs to sell to overcome these coming months !
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