Abercrombie & Kent Owner Makes Multibillion-Dollar Bet on Crystal Cruises

Abercrombie & Kent's owner is leveraging the financial strength of Crystal Cruises to revive the luxury cruise line. According to company filings, credit ratings, and bond documents, this transformation comes at a significant cost. The exact details of this financial maneuver are revealed in the latest Skift report. The report delves into the financials of Crystal Cruises, showcasing its asset-light luxury business model. This model allows the company to maintain a strong balance sheet, making it an attractive option for investors. However, the report also highlights the potential risks associated with this strategy. The Skift report provides a comprehensive analysis of the financials and the implications of this multibillion-dollar bet.