luxury yacht maker

Luxury yacht-maker Sunseeker acquired by the largest Chinese property group

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“Wanda’s acquisition of Sunseeker is strategic.” Although the private yachting market is in its early stages in China, this industry is growing rapidly. China’s consumption has been growing, with an exceptionally strong appetite in the luxury market. In 2012 China surpassed Japan as the world’s largest luxury market and by 2015 McKinsey & Co. predicts … Read more

Ferretti takeover. Made in Italy Bye Bye.

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“Made in Italy Bye Bye!” read the headline of an editorial in Il Sole 24 Ore financial daily after the Chinese firm’s takeover of the world’s leading luxury yacht maker Ferretti. “Another bit of Made in Italy leaves” proclaimed the media highlighting Asia’s fast-growing taste for elegant opulence in contrast to crisis-stricken Western markets. As … Read more