Royal Caribbean Cruises Ltd (RCL) and Silversea Cruises have announced an agreement for RCL to acquire a stake in privately-owned Silversea Cruises, bringing together two companies with bold, long-term visions for the cruise industry.
Under the agreement, Royal Caribbean Cruises will acquire a 66.7% equity stake in Silversea Cruises. “Silversea is a crown jewel, and the acknowledged leader in luxury and expedition cruising, two key markets that are poised for growth,” says Richard D. Fain, Chairman and CEO of Royal Caribbean Cruises Ltd. “Uniting our two companies presents an extraordinary opportunity to expand vacation options for guests and create revenue in strategic growth areas.”
Speaking exclusively to MiNDFOOD, Manfredi Lefebvre d’Ovidio, owner of Silverseas says, “this growth will boost our company and the senior executive management team will stay in place.”
With the recent conversion of the Silver Cloud joining the Expedition fleet, and with two ship orders in place for delivery in 2020 and 2021, Silversea’s has continued its investment in the luxury cruise industry. “This partnership will bolster the growth of this exceptional brand founded by my father,” says Lefebvre.
This new partnership gives Silversea the opportunity to accelerate the growth even further with the successful luxury and expedition cruising brand.
Lefebvre and Fain also confirmed that Silversea’s CEO Roberto Martinoli will continue in his role, working with the existing Silversea management team.