Virgin Voyages, the cruise model from Richard Branson’s Virgin Group, mentioned on Friday it has raised $550 million in recent capital to develop into new worldwide markets.
The funding was led by Ares Management with participation from current buyers, together with British conglomerate Virgin Group and enterprise capital agency Bain Capital.
Launched on the finish of 2021, Virgin Voyages operates three ships servicing the Caribbean and the Mediterranean. It plans to function in Australia and New Zealand by the top of the 12 months.
The firm additionally mentioned founding Chief Executive Tom McAlpin will now be the chairman of its board. He might be succeeded by President and Chief Experience Officer Nirmal Saverimuttu.
(Reuters – Reporting by Manya Saini; Editing by Arun Koyyur)
