![]() P&O Princess Cruises plc was formed in 2000, following the demerger of the cruise ship division of the P&O group. The name Carnival Corporation was adopted in 1993, to distinguish the parent company from its flagship cruise line subsidiary. Between 19, the company acquired Holland America Line, Windstar Cruises, Westours, Seabourn Cruise Line, Costa Cruises and Cunard Line. The capital generated was used to finance acquisitions. The company grew steadily throughout the 1970s and 1980s, making an initial public offering on the New York Stock Exchange in 1987. Carnival Corporation was founded as Carnival Cruise Line in 1972. " Mastering the Globalization of Business,". ![]() " Carnival to Acquire P&O Princess Cruises." " COMPANY NEWS P&O PRINCESS CRUISES APPROVES ACQUISITION BY CARNIVAL." " COMPANY NEWS CARNIVAL TO BUY REMAINING STAKE IN CUNARD LINE."Ĭunard. " Form 10-K for the fiscal year ended November 30, 1999," (PDF).Ĭosta Cruises S.p.A. " Carnival to Acquire Remaining 50% Of Costa Crociere From Airtours."Ĭarnival Corp. " Form 10-K for the fiscal year ended November 30, 1994," (PDF).Ĭarnival Corp. " Holland America Line Celebrates 145th Anniversary." " Carnival Cruise Lines to Buy Holland America Line Unit." " Corporate Information: Vision, Mission & History." " Corporate Information: Corporate Timeline."Ĭarnival Corp. " Ted Arison, Carnival Founder, Dies at 75."Ĭarnival Corp. " 1 GBP to USD - Convert British Pounds to US Dollars." " Form 10-K for the fiscal year ended Nov. " Corporate Information: Our Brands."Ĭarnival Corp. Cunard currently operates three luxury cruise vessels.Ĭarnival Corp. The purchase of Cunard, the largest luxury cruise operator in the world at the time, made Carnival the largest cruise company in the world. ![]() In 1999, Carnival purchased the remaining 32% stake in Cunard in a deal worth $205 million. Carnival acquired a 68% interest in the cruise line and consolidated it with Seabourn, of which the company had simultaneously purchased the remaining stake. Cunard was operating five luxury cruise ships by 1998, the year Carnival and a group of investors purchased its operating assets for $500 million. The company continued to grow and expand over the next century. During the 1880s, Cunard transported more than one million of the 2.5 million people seeking to settle in the U.S. It started out providing mail service in Canada's maritime region before eventually expanding its services across the Atlantic and establishing itself as an international shipping company. The Cunard Line was founded in 1840 by war veteran and timber merchant Samuel Cunard. Today, Seabourn operates a fleet of three 458-passenger and two 600-passenger ships offering an ultra-luxury cruising experience in over 400 destinations globally. ![]() At the same time, Carnival acquired Cunard Line Ltd. In 1998, the company purchased the remaining 50% stake in Seabourn. The second loan for $10 million secured an additional 25% stake in late 1995. With the $15 million loan Carnival acquired an initial 25% stake in Seabourn. Just four years later in 1992, Carnival agreed to purchase a 50% stake in Seabourn via two separate ten-year loans of $15 million and $10 million. When the Seabourn Pride was first launched, it offered: spacious all-suite accommodations public spaces designed for relaxed socializing and a stern designed like a private beach resort. The idea for the cruise line originated two years earlier among a small group of luxury hospitality and cruising executives looking to reinvent luxury cruising. Seabourn Cruise Line was founded in 1988 with the launch of the 208-passenger Seabourn Pride. ![]()
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