Royal van Lent, the Dutch yacht maker, has been purchase by LVMH
The Louis Vuitton Group, LVMH, has purchased Dutch yacht manufacturer Royal van Lent. The yacht company make ultra high end yachts, with an average selling price of 30 million euros. The sellers are Dutch investment firm Egeria and the acquisition price is worth approximiately 11 times net profit.
The yachts are sold under the Feadship brand and was founded 160 years ago. Since 2000, the worldwide order book for custom yachts has grown by more than 20% per annum, so this is very much a growing market.
Antonio Belloni, the Group Managing Director at LVMH commented, “This acquisition is an outstanding opportunity for LVMH to welcome to the group as prestigious a business as Royal van Lent”. The transaction is now subject to clearance of the relevent competition authorities.
Panerai expand to New York City
Luxury watch manufacturer Officine Panerai is just about to open a boutique store in New York City, to add to their American presence in Los Angeles.
Ferrari to launch convertible 430 Scuderia – the 16M
It's been rumoured for a while now, but it seems Ferrari are to release a Spyder version of their hardcore 430, the Scuderia. This will be called the 16M and limited to 499 vehicles. The car is to commemorate the company's 16th F1 constructor's title.
Issue 15, Available December 2008.
Travel Special
The ultimate in peace and quite. Lusso Magazine investigates the best island resorts in the world - it's a tough job, but somebody's got to do it.
Ultimate Toys
Super yacht tenders, powerboats, motorbikes and super cars, we serve up the usual dose of high octane machinery.
And the regulars...
Brian Ebbesen, Arash Farboud, Nick English and others all share their views
Moving Fast Under Sail
“It′s nice to read about something you probably will never experience in your lifetime. I try...” By James Brown 26 November 2008
The Value for Luxury Market
“No really Doug, More ego please. LOL. Sorry, but it′s a great joke to aggravate you about b...” By James Brown 26 November 2008
The Value for Luxury Market
“Doug Richard said:"Which brings me to my first nomination for the “Value Luxury Market” wh...” By James Brown 26 November 2008
