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Royal Caribbean updates its name

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Royal Caribbean Cruises has updated its name to Royal Caribbean Group.

The change comes as the company and other cruise ship operators have faced severe headwinds since the advent of the coronavirus pandemic.

Royal Caribbean operates the Celebrity Cruises, Azamara and Silversea brands, and it's also a 50% owner in a joint venture overseeing TUI Cruises and Hapag-Lloyd Cruises.

Read more from Fox Business.

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