Please select your home edition
C-Tech 2020 Battens 2 728x90 TOP

Ferretti/Sanlorenzo JV to rescue Perini Navi

by Ferretti Group/Sanlorenzo 16 Feb 02:33 PST
The fleet on day 1 of the Perini Navi Cup © Perini Navi / Borlenghi

Ferretti Group and Sanlorenzo have announced the creation of a 50:50 Joint Venture to take over Perini Navi, declared bankrupt last month.

Ferretti Group and Sanlorenzo, both respected Italian yacht builders, have expressed their interest in acquiring the trademarks, assets and operations of Perini Navi in order to ensure the swift recovery of production activities and the maintenance of employment levels.

"This is an important day for the Italian yachting industry, for the employees of Perini Navi and for their families, ensuring in this way that their passion, experience and unique skills will continue to be protected. As will the Perini Navi supply chain, which is made up of numerous suppliers who will be reassured and whose peace of mind will be restored by today's safeguards," said Ferretti Group CEO Alberto Galassi. "We are confident that our commitment will translate into further growth that benefits the local area and further raises the profile of the Italian yacht industry. Our alliance with Sanlorenzo is a reflection of the new spirit of collaboration sweeping through Italy: a positive broadening of our horizons that will let us seize even more opportunities and deliver even more success."

"I began my professional career in the yacht industry in Viareggio, in the same place and year in which Perini Navi was starting life a short distance away," said Sanlorenzo Executive Chairman Massimo Perotti, "building boats with outstanding qualities, exclusively 'to order', for a limited number of owners and connoisseurs. In the interests of the local area, all stakeholders and first and foremost employees and suppliers, I have from the outset confirmed the willingness of Sanlorenzo to contribute to the brand's relaunch. Today I am pleased to be able to do so jointly with Ferretti Group. It is an alliance of importance for our industry, one which I am convinced will continue to develop and set an example for other initiatives aimed at strengthening Italy's world leadership in this sector."

Related Articles

VAT on charter yachts' value abolished in Thailand
Thailand to become the World's Third Superyacht Destination - Finally... "Foreign-flagged visiting superyachts will from now on be welcome to spend the winter seasons in Thai waters and offer their yachts for charter there without having to pay VAT on the value of the vessel." Posted today at 12:08 am
Reichel/Pugh-Nauta 153.5 superyacht construction
This versatile sailing yacht has been designed for very experienced owners A look behind the busy scenes at Royal Huisman's shipyard reveals the impressive full-scale mockup for the 46.82m high-performance cruiser sloop Reichel/Pugh-Nauta 153.5, which started construction this month. Posted on 24 Feb
Mastercard Superyacht Regatta - Day 1
Tawera and Whirlwind claim victories The Royal New Zealand Yacht Squadron's Mastercard Superyacht Regatta got under way today in Auckland with two spectacular races on the pristine waters of the Hauraki Gulf. Posted on 24 Feb
Superyacht Cup Palma rings the changes
Top-level yacht racing is set to go ahead with a new-look event adapted to pandemic restrictions With an encouraging level of interest from owners and skippers, organisers are optimistic the 25th anniversary of Europe's longest-running superyacht regatta will attract a competitive range of entries. Posted on 23 Feb
ex-ClubMed burnt out in Langkawi
All fuelled up and ready to go to Vietnam The 75.13-metre sailing yacht Phocea, formerly Enigma, formerly Alain Colas's solo transat racer, Club Medirerranée, caught fire yesterday morning (18 February 2021) near Pulau Singa Kecil in Langkawi, Malaysia. Posted on 19 Feb
Les Voiles de Saint-Tropez schedule announced
2021 edition confirmed from 25th September to 9th October After the success of the 2020 edition, the Société Nautique de Saint-Tropez lifts the veil on the format for the mythical get-together of the most beautiful boats in the world that will take place over two weeks. Posted on 15 Feb
Digital Direct Load Pins from Cyclops Marine
Measure loads on standing rigging such as forestays and shrouds Load pins are designed to replace existing pins, measuring loads on standing rigging such as forestays and shrouds, giving sailors valuable data they can use to optimise performance and avoid rig overload. Posted on 11 Feb
Entry opens for Loro Piana Superyacht Regatta
The regatta is open to superyachts with a minimum length of 90 feet The Yacht Club Costa Smeralda, together with its partners, is continuing to work on relaunching the sporting events on the calendar for the coming season. Posted on 4 Feb
Superyacht Winter Games 2021 - Preview
The programme is organized to ensure safe social distancing Adventure follows the legend of Ivo Nikolic´; the only prisoner to have escaped a late 18th century prison camp in Gornja Lastva and sailing safely out of the Boka Bay to freedom, leaving behind not only his epic tale but a number of handwritten letters. Posted on 30 Jan
The APSA Grand Tour, part deux.
Japan, Taiwan, Hong Kong and southern China Japan imposes precious few restrictions on visiting yachts: and when you go ashore the sights, sounds, food, culture, sports, history, people and scenery of this clean, safe, and friendly country are already legendary. Posted on 22 Jan
Rooster 2020 - Impact BA - FOOTERDoyle Sails 2020 - By Sailors For Sailors 728x90 BOTTOMCyclops 2020 - SmartlinkNano - FOOTER