Royal caribbean group completes the sale of its azamara brand to sycamore partners

Miami, march 19, 2021 /prnewswire/ -- royal caribbean group (nyse: rcl) (the group) today announced 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.
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