(RTTNews) - Royal Caribbean Group (RCL) said it completed the sale of its Azamara brand to Sycamore Partners, a private equity firm specializing in consumer, retail and distribution investments, in an all-cash transaction for $201 million. The sale included Azamara's three-ship fleet and associated intellectual property.
The company noted that the strategic deal allows the Group to focus on expanding its Royal Caribbean International, Celebrity Cruises and Silversea Cruises brands.
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