Virgin Group and Bain Capital form Virgin Cruises

Richard Branson's investment firm Virgin Group and Bain Capital have partnered up to launch Virgin Cruises, a new cruise line business. No financial terms were disclosed. Also, Tom McAlpin will lead as CEO. Recently, McAlpin worked at The World, Residences at Sea where he served as president and CEO. Virgin Cruises is headquartered in the Miami/Fort Lauderdale area.

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