Azamara Growth Announcement. Sycamore announced the purchase of a fourth “R” class ship, Princess Cruises’ Pacific Princess
Last week, Royal Caribbean Group announced the sale of its three-ship Azamara cruise business to New York-based equity house Sycamore Partners.
Among many other retail and consumer brands, Sycamore own Jones New York and Talbots in women’s wear, footwear brands Kurt Geiger and Stuart Weitzman and Staples, the stationers. Shortly after this announcement, Sycamore announced the purchase of a fourth “R” class ship, Princess Cruises’ Pacific Princess, which is to be renamed.
Azamara will thus become a stand-alone four-ship upmarket cruising brand, and the eight “R” class ships will now be divided evenly between two owners, Azamara and Oceania Cruises. (Kevin Griffin)