Global cruise and travel company files Chapter 11 bankruptcy
A huge brand that has been around for nearly 100 years reports that it has between $1 billion and $10 billion in debt.
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A huge brand that has been around for nearly 100 years reports that it has between $1 billion and $10 billion in debt.
Hornblower, New York’s ‘too big to sink’ ferry operator, is bankrupt, and the company will be acquired by one of its investors, private equity firm Strategic Value Partners, which will try to sell off some of Hornblower’s boats.
Hornblower Group, which operates ferries, excursion boats, and had an inland cruise line, filed for bankruptcy as part of a recapitalization plan wit...
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Lorton most recently worked at City Cruises, a sub-brand of Hornblower's City Experiences group, as regional vice president for California.