Ferretti Group, the Italy-based holding behind brands such as Riva, Pershing and of course Ferretti itself, has indicated it made €14,1 million in net profit in 2016 making it the first year since the financial crisis of 2008 where the group posted a profit.
Ferretti was established in 1968 as the first marine division of Alessandro and Norberto Ferretti's family business. In 1971, the company delivered its first wooden motor-sailer and by 1982 it began producing boats for sport fishing with a flybridge.
By 1996, Ferretti Group decided to expand into a larger range and set up Custom Line, a division meant to operate in the growing 26-40m range. In following years, the group multiplied acquisitions buying CNA in 1998, CRN in 1999, Riva in 2000, Mochi Craft in 2001 and Itama in 2004.
As the company was preparing for an initial public offering (IPO) after having been acquired in a leveraged buyout by Candover Investments which put the Group's value at €1.5 billion in 2007, the financial crisis led to a significant drop in sales.
In 2009, the company defaulted on its €1,2 billion debt and its creditors, led by the Royal Bank of Scotland, wrote down €560 million of the debt in exchange for 53% in equity from Candover Investments.
In January 2012, 75% of the group was sold to Chinese conglomerate, Weichai in exchange for a €178 million equity investment, a €100 million capital increase and an €80 million revolving credit facility. The deal also saw the Group's debt be reduced to just €116 million, down from €580 million. The remaining 25% were split amongst the Royal Bank of Scotland and Strategic Value Parters in return for a €25 million equity investment.
After going through a series of rough patches, Weichai appointed Alberto Galassi, an international law attorney who had previously run Piaggio Aerospace, to the position of CEO in 2014. In 2015, Galassi, who is interestingly also on the board of directors of the Manchester City FC, predicted a return to profitability by 2017. In 2016, Piero Ferrari, son of Enzo Ferrari, invested into Ferretti Group, acquiring a 13,2% stake in the group and joining its board of directors.
After posting a positive EBITDA of €7 million in 2015 along with a net loss of €29 million, Ferretti Group has bounced back to profitability in 2016 with an EBITDA of €52,7 million and a net profit of €14,1 million, the first it posted since 2008. In the first quarter of 2017, the company has posted a net profit of €4 million already. This year, Ferretti Group is planning to invest €25 million in R&D and €21,4 million to grow production capacity.
Alberto Galassi, CEO of Ferretti Group, commented: " In a three year period Ferretti Group proved to be a company able to achieve a real turn around, obtaining great commercial success, which led to well above expected financial results. The new models have become the most important drivers of growth thanks to their design, quality and high standards of innovation."
Italian yacht builder Sanlorenzo will display ten vessels with combined length of nearly 300 meters at the Cannes Yachting Festival from September 9-14, 2025. The exhibition will feature three global premieres: the SL110A, SX120, and SD132 models, representing expansions of the company's asymmetric, crossover, and semi-displacement yacht lines.SL110AThe 33-meter SL110A continues Sanlorenzo's asymmetrical design concept with a full-beam owner's suite featuring direct access to a forward pool area. Designed by Zuccon International Project with interiors by Piero Lissoni, the vessel reaches speeds up to 27 knots.The SX120 crossover model blends explorer yacht capabilities with flybridge amenities, featuring clean exterior lines and flexible interior layouts. The design maintains the brand's focus on challenging conventional yacht layouts while emphasizing connection to marine environments.SX120At 40.7 meters length, the SD132 becomes Sanlorenzo's largest composite-built yacht to date with 420 GT interior volume. Features include rotating beach club terraces, forward pool area, 85-square-meter flybridge, and side-launching tender garage. Zuccon International Project handled both exterior and interior design.Executive Chairman Massimo Perotti stated: "The Cannes Yachting Festival is a special opportunity for us to share our vision for the future of the industry and to showcase Sanlorenzo's extraordinary dynamism." CEO Tommaso Vincenzi added: "With these three new models, Sanlorenzo reaffirms its vision of yachting as a fine, elegant and responsible way of life."SD132Additional displayed models will include the SP92 from the Smart Performance line, SL86A and SL90A asymmetric yachts, SD90 and SD96 semi-displacement vessels, and SX100 and SX88 crossover designs. The exhibition coincides with the 20th anniversary of Massimo Perotti's leadership at Sanlorenzo.The company's subsidiary brands Bluegame and Nautor Swan will also exhibit new models at the festival, demonstrating the group's diversified product range across multiple yacht segments. Sanlorenzo's presentation occupies significant space in the Vieux-Port exhibition area, reflecting the company's expanded production capabilities across its Italian shipyards.Credits: Sanlorenzo
August 29, 2025
Northrop & Johnson has listed the newly delivered 28.63-meter Sunreef Power catamaran Petite Belle for sale. Broker Gabriele Modica Ragusa represents the fifth hull in this series, which features numerous upgrades from standard specifications.The catamaran's 13.5-meter beam accommodates 10 guests across five ensuite cabins. The main saloon features panoramic glazing that opens to the aft cockpit, integrating interior and exterior social spaces. Outdoor areas include forward lounges, a beach club platform, and an expansive flybridge with hot tub, dining area, and bar.Petite Belle incorporates 13kWp of solar panels integrated into the superstructure and hardtop, supporting silent night operation through battery power. The yacht meets European and U.S. compliance standards including Malta Sea Area A1+A2+A3 certification (sCYC 2024).Additional features include a full AV system with DJ connectivity, 20 underwater lights, security cameras, and custom bar installations. The vessel carries a Williams SportJet 625 tender and two jet skis.Construction was supervised by independent surveyors at Sunreef's Gdansk facility. The catamaran enters the brokerage market immediately following delivery, offering availability without construction wait times. Northrop & Johnson will coordinate viewings and sea trials for prospective buyers.Sunreef Yachts was founded by Francis Lapp in 2002 in Gdansk, Poland. Since then, the shipyard has been designing and manufacturing luxury sailing and power multihulls. Credits: Sunreef Yachts
August 28, 2025
Italian yacht builder Lomac Milano has named fashion designer Alessandro Martorana as Creative Director of its Lomac Atelier division. The appointment coincides with the world premiere of the GranTurismo 12.5 AMare limited edition model at the 2025 Cannes Yachting Festival.Martorana's collaboration with Lomac represents the first product from the newly established Lomac Atelier, a service dedicated to fully customized yacht configurations. The GranTurismo 12.5 AMare features customized colors, bespoke upholstery, sartorial stitching, and matching engine livery. The design emphasizes individualized styling while maintaining the performance characteristics of the base model.The limited edition model is powered by twin Yamaha XTO 450hp outboard engines, maintaining the standard powertrain configuration of the production version. Lomac will display two additional models at Cannes: the GranTurismo 12.0 with triple 300hp Mercury engines and the flagship GranTurismo 14.0 X with triple Yamaha 450hp engines capable of 60-knot speeds.Alessandro Martorana stated: "The boat is the new 'must' for the elegant man. Together with Lomac, we aim to create unique pieces that reflect the personality of their owners, just like a bespoke suit."The Lomac Atelier service launched earlier this year at the Düsseldorf boat show, focusing on complete customization of the company's GranTurismo maxi-RIB series. The Cannes presentation marks the first physical realization of the program, with the AMare edition serving as demonstrator of the customization options available.Lomac's participation in the Cannes Yachting Festival includes three models from its production range, with the Martorana-designed limited edition representing the company's emphasis on personalized yacht design. Lomac was founded in the early 1960s in Milan. Today it is led by Paolo and Fabrizio Lo Manto, the third generation of the family, and offers a production that includes seven different series for 58 models, the result of the union of the highest technologies with careful craftsmanship. Lomac also produces and markets a wide range of original accessories to better customize your boat, and maintenance products created specifically for its models.Credits: Lomac
August 28, 2025
Italian yacht builder Benetti will showcase its complete fiberglass series at the Cannes Yachting Festival from September 9-14, 2025. The display will include the world premiere of the Class 44M model Juno's 7 and an exclusive preview of an undisclosed new model.The Class 44M represents the flagship of Benetti's fiberglass range, measuring 44 meters with exterior and interior design by Cassetta Yacht Designers. The yacht incorporates antique elm wood flooring and mineral resin surfaces with stone powder accents. Design features include extensive glazing and a hull form optimized for long-range cruising.Alongside the Class 44M, Benetti will exhibit three additional fiberglass models:Motopanfilo 37M Angel featuring exterior design by Francesco Struglia with a "Bronze Ribbon" design element connecting hull and superstructureOasis 40M CADA Día with customized configuration including master cabin on upper deckOasis 34M A+ utilizing the Oasis Deck® design with 76 m² stern platformThe Oasis 40M display unit represents the twentieth hull in this series, with exterior design by RWD and interiors by Bonetti & Kozerski. The model emphasizes social spaces and connection to marine environments through its layout and design features.Benetti's participation demonstrates the shipyard's continued development of its fiberglass product lines, which range from 34 to 44 meters in length. The company emphasizes customizable interior configurations across all models while maintaining standardized hull forms and engineering systems.The Cannes presentation follows Benetti's strategy of introducing new models at major European boat shows. The company maintains production facilities in Viareggio and Livorno for its fiberglass and steel/aluminum yacht divisions respectively.Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Benetti
August 28, 2025
Italian yacht builder Dolomia Yachts has introduced its inaugural power catamaran range, developed in partnership with design firm Centrostiledesign. The initial models include the 22-meter D100 and smaller D70, designed to provide monohull-equivalent volume with reduced hydrodynamic resistance.The D100 model offers approximately 300 square meters of interior space, comparable to 30-meter monohull yachts. Configurations include four-cabin layouts with full-beam master suite or five-cabin charter arrangements with crew accommodations. The design incorporates 66 square meters of solar panels generating 15kWp of power.Construction utilizes non-toxic resins, FSC-certified wood, and renewable cork materials. Propulsion options include Volvo diesel engines with IPS or straight-shaft transmission, alongside hybrid and fully electric system alternatives. The yacht features photovoltaic panels and semi-solid-state battery technology.Design elements comprise a flybridge with active spoiler, retractable tender garage for 5-meter watercraft, and 18-square-meter beach club area. The company emphasizes reduced fuel consumption and environmental impact through hull design and sustainable technologies.Dolomia Yachts founder Alessandro Righi stated the company is "very close to achieving the highest technological quality" while maintaining aesthetic appeal. Construction of the first D100 unit is underway with scheduled delivery for 2027, while development continues on the smaller D70 model.The company has established partnerships with four Italian marine suppliers and contracted NSS Charter for yacht management services, including luxury charter operations in Sardinia's Costa Smeralda region. The yachts will be constructed in facilities utilizing established Italian shipbuilding expertise.Credits: Dolomia Yachts
August 27, 2025