Time has not weakened Manfredi Lefebvre D'Ovidio's desire to buy at least a slice of the now-defunct Crystal Cruises.
The chairman of Heritage Group and executive who built Silversea
Cruises said via email he was "still interested in Crystal." A possible
acquisition is being managed by Cristina Levis, the vice chairwoman of
Abercrombie & Kent, he said. Heritage Group, a private equity group,
acquired a 90% share of A&K in 2019.
declined to say whether Lefebvre wants to buy the entire cruise line,
which folded in February, or purchase its ships piecemeal.
In an email, Levis said that if a sale were to go through, it was not
yet determined whether A&K would be the ultimate buyer. Asked
whether the organisation is interested in the Crystal brand or its
ships, she said the stakeholders have "not yet finalised our [due
diligence] on the ships and the brand, therefore [we have] not taken a
Crystal's future has been uncertain since the January collapse of its
parent company, Genting Hong Kong, and the line, once highly beloved by
passengers and the trade, ended its operations earlier this year. An
assignee has since been appointed to liquidate the company's assets.
Since then, more than 30,000 creditors reportedly filed claims
against the line, including customers who want their money back for
canceled cruises, agents who seek owed commissions and vendors such as
fuel suppliers who haven't been paid.
The priority for liquidators is to squeeze the most value out of
Crystal's assets for the benefit of creditors, said Anthony Kaufman, a
cruise line consultant who has worked for Carnival Corp. brands. The
most valuable assets, he said, are its trademark, passenger list and
The liquidators could sell any combination of those assets, but what
brought value to the reputation of Crystal was the people who worked for
the brand, including the crew, said Kaufman.
"You might want to buy the Crystal ships and the name and say that's
Crystal, but its ships are really inanimate," he said. "The heart and
the soul of the brand is provided by the crew members. So, if the crew
members have dispersed all over the world and aren't going to be coming
back to their ships, then the product by its nature is just going to
Crystal's crew members wait on news
Many crew members await news
about whether the brand will be sold and whether they can return to
their jobs, but others have sought employment with other lines.
Windstar, which offered US$1,500 signing bonuses, has hired at least 15
former Crystal crew members, according to spokeswoman Sally Spaulding.
"And we continue to recruit strongly from their pool," she said.
Seabourn said it is processing applications from crew members but declined to say how many.
Several crew said they or their fellow crew members are holding out hope for Crystal's return.
"We're all hoping for a buyer and a restart," said Bernie Leypold, Crystal's former senior vice president of hotel operations.
Calling the crew and office staff "the most important asset a cruise
line has," Levis said they aim to keep them, should a sale go through.
"We highly appreciate what the crew and ashore employees have done
for the Crystal brand and we will try to retain as many of them as we
can," including former president Jack Anderson, if he is available, she
Meanwhile, the Crystal vessels and its items are likely to go to auction in May.
The Crystal Serenity and the Crystal Symphony are currently in the Bahamas, and the Crystal Endeavor sits in Gibraltar.
This story is a shortened version of the original article in Travel Weekly