Perini Navi has confirmed at a press conference during the Monaco Yacht Show that it was shutting down its Picchiotti standalone brand, which was previously responsible for the yard's motor yacht activity. The brand will be consolidated into Perini Navi.




Picchiotti Yachts was one of the oldest brands in the yachting industry. Founded in Pisa, Italy in the 16th century, it was later acquired by Perini Navi, which gave the brand a chance to shine. During its years of operation, the brand was behind such yachts as the 73m Grace E, 55m Galileo G or 50m Exuma.
News of the brand consolidation follows the Tabacchi family's €27 million capital injection into Perini Navi Group for a 49,9% stake. "It was not a decision agains Picchiotti, but a decision for Perini Navi" explained Lamberto Tacoli, Perini Navi's CEO, "We are thinking about strategies for a line in the future, it is a question of time."

Despite this decision, Perini Navi does not seem to stray away from building motor yachts as at least two are currently being developed by the shipyard for customers. Indeed in March of this year, the Italian group picked up an order for a PY 52m and a custom, aluminium motor yacht.
