Sanlorenzo reports 2019 net revenue up 39% to €455.9m

Sanlorenzo reports 2019 net revenue up 39% to €455.9m

All Sanlorenzo’s divisions reported growth in preliminary full-year results posted today. Superyacht builder Sanlorenzo has reported a 39.3% increase in net revenue to €455.9m from new-yacht sales in its prelimnary results for 2019.  The Italian yacht builder also posted adjusted

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Acquiring a superyacht: what you should consider first

Acquiring a superyacht: what you should consider first

Owning a superyacht is an aspiration for many of the planet’s elite, and one which is achievable for most, Quentin Bargate, CEO of the law firm Bargate Murray Ltd, and Dominic Bulfin, solicitor with the law firm write. However, in

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OPINION: Sanlorenzo’s flotation comes in a tough year for launches

OPINION: Sanlorenzo’s flotation comes in a tough year for launches

This year has proved to be far from vintage for initial public offerings (IPOs) – with mixed results, but Sanlorenzo is ending the year on a high. Its shares were listed at €16 each on the Italian stock exchange, the

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Sanlorenzo shares start trading at €16 each after IPO confirmed

Sanlorenzo shares start trading at €16 each after IPO confirmed

Massimo Perotti, executive chairman and of Sanlorenzo and EY award winner, remains the majority shareholder after the IPO. Sanlorenzo’s shares began trading at €16 each on the Italian stock exchange, the Borsa Italiana, on Wednesday December 11, after the superyacht

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Chinese interest in superyachts ‘is starting to grow’: Heesen Yachts CEO

Chinese interest in superyachts ‘is starting to grow’: Heesen Yachts CEO

Heesen reports growing interest in its superyachts, such as the 70-metre Espen Øino International,  from China’s wealthiest citizens. China’s wealthiest citizens are starting to develop an interest in superyachts, according to the CEO of Heesen Yachts Arthur Brouwer. “The Chinese

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Sanlorenzo aiming for €650m valuation as float nears

Sanlorenzo aiming for €650m valuation as float nears

Massimo Perotti was named as Italy’s Entrepreneur of the Year by EY.  He will continue to be the majority shareholder after the float. Sanlorenzo, the Italian yard, is hoping to be worth between €552m and about €656m when it lists

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Majesty 140 superyacht wins Best of Show award at Fort Lauderdale show

Majesty 140 superyacht wins Best of Show award at Fort Lauderdale show

Winning design: The Majesty 140 won the Best of Show award at Fort Lauderdale. The Majesty 140 superyacht, all 43m of her, has won the Best of Show award at the Fort Lauderdale International Boat Show this year. First-time exhibitor

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Spanish yacht groups urge European Commission to challenge ‘unfair’ tax

Spanish yacht groups urge European Commission to challenge ‘unfair’ tax

Spanish yachting groups are urging the European Commission to challenge the country’s matriculation tax. Pictured is OneOcean Port Vell, Barcelona. The Spanish Superyachts Association (AEGY) and the Spanish Yachting Association (ANEN) are urging the European Commission to oblige Spain to

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OPINION: Ferretti float sinks … but not without trace

OPINION: Ferretti float sinks … but not without trace

Launching an IPO is a lot riskier than launching a yacht, as Ferretti Group demonstrated yesterday. Ferretti has given up its plan to sell 30% of the company on Borsa Italiana. Ferretti had been hoping to list at between €2.5

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Digital superyacht charter platform claims to cut cost and improve service

Digital superyacht charter platform claims to cut cost and improve service

Lower cost and greater convenience are the benefits claimed for Yotha’s digital yacht chartering platform. The new digital yacht charter platform Yotha can shave 12 per cent off the cost of chartering a luxury yacht, while making the service to

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