Sir Richard Branson is planning to launch a cruise venture under the Virgin brand after raising funds from external investors.
Virgin Group has appointed US-based advisory firm Allen & Co to develop a new cruise operation that would eventually hope to compete with Carnival Corporation, Sky News has reported.
A mole told Sky talks are currently in early stages but the group is already thought to have raised US$1 billion (GBP598m) to finance its first ship acquisitions.
If realised it is expected that the cruise venture will be based in the US to compete against Carnival, Royal Caribbean and Norwegian Cruise Lines.
Other opportunities include four-star city hotels, while otherwise Branson is looking at floatation for Virgin America.
Comments are closed.