UK’s Saga seeks partnership opportunity for cruise business

British holiday group Saga announced on Friday that it is exploring potential options for its cruise division, including the possibility of a partnership arrangement.

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The London-listed firm is considering a capital-light business model for its Ocean Cruise, aligning with its strategic objectives.

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Saga is looking into ways to generate funds from its cruise operation. This could involve selling its two flagship vessels or offloading the entire business through a licensing arrangement.

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The move towards a capital-light model is intended to support further growth, decrease debt, and enhance long-term shareholder returns for Saga.

Source: Unsplash