Please select your home edition
Edition
Navico Asia Zeus3S LEADERBOARD

Louis Vuitton Moet Hennessey launches yacht business in India

by ZeeNews.com on 14 Nov 2011
Princess 64 - available in India very soon Creating Demand
Louis Vuitton Moet Hennessey (LVMH) Group`s yacht-building firm Princess has announced formal entry into India and is aiming to sell up to five luxury boats in the next year. Smallest of these yachts cost INR40million (USD790,000) while at the higher end, the price can go up to INR300million (USD6m).

'We will sell four to five yachts in the next 12 months,' Sharad Kachalia, a director at Navnit Marine, Princess International`s distributor for the country, told reporters here. Princess`s sales manager, Bill Barrow, said it has entered into an exclusive arrangement with Navnit and will sell the entire range of its yachts in India.

Princess, a UK-based company which was bought by LVMH in 2008, is also designing a 39-footer yacht, which will be its smallest. It will help attract more buyers in a price-sensitive geography like this, Barrow said. When asked if the entry into India is a strategic decision, considering the slowdown in Europe and elsewhere, Barrow avoided giving a direct answer.
However, he said the share of emerging economies like China in the company`s total revenue pie has been growing steadily over the past few years. The company sells its products in 65 countries.

According to Navnit Marines, which has a tie-up with five more yacht-makers, demand for the super-luxury machines continues to be strong even in the present economic situation. Navnit has sold around 100 yachts of various sizes since its launch in 2002, Kachalia said, and added that absence of supporting infrastructure like marinas is holding back the sector.

Full story: http://zeenews.india.com/entertainment/and-more/louis-vuitton-moet-hennessey-launches-yacht-business-in-india_100135.htm
Armstrong 728x90 - Wing FG Board Range - BOTTOMC-Tech 2021 America's Cup 728x90 BOTTOMJ Composites 2022 - J45 v4 FOOTER

Related Articles

Spicare Omaezaki Japan World Cup overall
Buzzer beater finishes in final day In the final day of the Spicare Omaezaki Japan World Cup, junior winners edged out their competitors with multiple, buzzer beater moments.
Posted today at 1:41 pm
Celebrating 25 years of Rooster!
We speak with founder Steve Cockerill at the RYA Dinghy & Watersports Show Mark Jardine speaks with Steve Cockerill, founder of Rooster, on the 25th Anniversary of the innovative sailing clothing and chandlery company.
Posted today at 10:58 am
OK Worlds opening ceremony & practice race
The largest OK event to ever be held south of the equator The largest OK Dinghy event to ever be held south of the equator is all set to proceed after 112 sailors from seven nations completed equipment inspection and registration ahead of the start of the 2024 Tan Lines OK Dinghy World Championship.
Posted today at 10:51 am
Australia take first win of SailGP Season 4
First ever SailGP race win for Erik Heil's Team Germany Tom Slingsby and his Australian crew have been crowned champions of the KPMG Australia Sail Grand Prix I Sydney, flying home in front of an ecstatic and vibrant 'Genesis Island' crowd and a jam-packed Sydney Harbour to clinch the win.
Posted today at 9:25 am
SailGP Sydney 2024 - Next series of videos
Crosbie Lorimer from Bow Caddy Media brings you the latest Crosbie Lorimer from Bow Caddy Media brings you the latest from the Tech Centre at SailGP Sydney, recapping on yesterday's racing and taking a look at what is ahead today.
Posted today at 8:41 am
Arkéa Ultim Challenge-Brest day 50 morning update
The long road home Less than 1000 miles from the Brest finish line of the ARKÉA ULTIM CHALLENGE-Brest, Charles Caudrelier is closing the final miles carefully on the Ultim Maxi Edmond de Rothschild.
Posted today at 7:51 am
Day 1 action-shots of Sail GP Sydney racing
The gusty and shifty southerly kept everyone foiling most of the time The high winds originally forecast for Day 1 of Sail GP Sydney racing on Saturday did not eventuate; but the gusty and shifty southerly kept everyone foiling most of the time.
Posted today at 7:41 am
31st Aramex Dubai to Muscat Race underway
A remarkable journey begins: diverse teams set sail on the iconic route to Muscat The 31st edition of the annual ARAMEX Dubai to Muscat Sailing Race (Aramex D2M) featuring 20 teams kicked off at DOSC on Saturday with great excitement in the presence of dignitaries, participants, and other sailing enthusiasts.
Posted today at 6:25 am
Two 18ft Skiff series conclude on Sydney Harbour
Club Championship and Season Point Score titles decided The Yandoo and Fisher & Paykel 18ft skiff racing teams took out the two major club racing championships conducted over the 2023-24 season by the Australian 18 Footer League, which concluded on Sydney Harbour today.
Posted today at 5:00 am
Millennium Cup: Perseus^3 makes her presence felt
The New Zealand Millennium Cup is underway and Perseus^3 has taken the win on Day 1 The New Zealand Millennium Cup is underway and Perseus^3 has taken the win on Day 1. The big Perini Navi was unstoppable as she took to the Hauraki Gulf course, with blue skies and a breeze filling in to welcome her to racing in Auckland.
Posted today at 2:41 am