Royal Caribbean Takes Majority Stake in Silversea, Tapping Into Luxury Market to Build Brand Equity
Royal Caribbean is taking a 67% position in ultraluxury cruise operator Silversea, at the cost of $1 billion, financed with debt, and set to close in the company’s fiscal third quarter. While this transaction doesn’t materially change the size of Royal’s business (adding roughly 3,000 berths, or incremental growth of 2% in capacity), it taps into a consumer market Royal Caribbean has not had exposure to in the past, the ultraluxury cruiser, positioned above both Azamara and Celebrity on the inco...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.