BENGALURU (Feb 16): Activist investor Elliott has built a more than 10% stake in Norwegian Cruise Line and plans to push for changes within the cruise operator, the Wall Street Journal (WSJ) reported on Monday, citing people familiar with the matter. Norwegian Cruise Line did not immediately respond to Reuters' request for comment. Last week, Norwegian Cruise appointed former Subway Restaurants CEO John Chidsey as its new boss, replacing Harry Sommer. Rival Royal Caribbean, however, in its outlook released last month projected strong demand, as affluent customers continue to favour sea-based vacations. Elliott has privately approached Adam Goldstein, the former president and COO of Royal Caribbean, as a potential nominee for a board seat at Norwegian Cruise, the WSJ reported on Monday.

Source: The Edge Markets February 17, 2026 03:40 UTC