Inside Abercrombie & Kent’s Multibillion-Dollar Bet on Crystal Cruises
The owner of Abercrombie & Kent is using the balance sheet of one of travel’s best asset-light luxury businesses to rebuild Crystal Cruises. Company filings, credit ratings, and bond documents show what that transformation costs.
Abercrombie & Kent spent most of its history as a relatively simple kind of luxury travel company. It sold expensive tours and safaris around the world without owning most of the hotels, ships, and other assets its customers used.
Its current owner is now taking the company in a different direction.
Full story Inside Abercrombie & Kent’s Multibillion-Dollar Bet on Crystal Cruises
