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International Boat IndustryInternational Boat Industry

International Boat Industry

October - November 2019

Business-to-business magazine for the recreational marine industry distributed to boat builders, designers, equipment manufacturers, distributors and retailers in over 120 countries. Contains industry news, market facts and data, country reports, technical, new product news, and management features for OEMs, distributors and retailers.

Country:
United Kingdom
Language:
English
Publisher:
Boating Communications Ltd.
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7 Issues

IN THIS ISSUE

1 min.
international boat industry

EDITORIAL Editorial Director: Ed Slack Tel: +44 (0)7984 026 733 Email: ed@ibiplus.co.uk Deputy Editor: Belinda Snell Email: belinda@ibiplus.co.uk Art Editor: Madeleine Fitzsimons Email: madeleine@ibiplus.co.uk Research and Business Analysis Editor: Arlene Sloan Email: arlene@ibiplus.co.uk ADVERTISING Commercial Director: Philip Pereira Tel: + 44 (0)7866 462 577 Email: philip@ibiplus.co.uk Marketing Director: Philippa Drysdale Tel: + 44 (0)7511 121 833 Email: philippa@ibiplus.co.uk Account Manager: Amanda Barlow Tel: +44 (0)7730 314 989 Email: amanda@ibiplus.co.uk MANAGEMENT Executive Chairman: Nick Hopkinson Email: nick@ibiplus.co.uk Finance Manager: Christine Chisholm Email: finance@ibiplus.co.uk Accounts Payable: Katy Pereira Email: katy@ibiplus.co.uk IBI Plus Account Manager: Isabella Mitchell Email: isabella@ibiplus.co.uk CORRESPONDENTS Australia/New Zealand: Barry Thompson Benelux: Robert Wielaard Brazil: Fernanda Teixeira Velloso Europe: David Robinson, Jake Kavanagh Far & Middle East: Mike Derrett France: Olivier Voituriez Germany: Stefan Gerhard Greece: Manos Roudas Ireland: David O’Brien Italy: Fulvia Venturi Japan: Peter Langan North America: Craig Ritchie Poland: Jaroslaw Adamowski Portugal:…

2 min.
the last three years have proven how resilient today’s consumer can be

A hard or soft landing? That seems to be the overriding question for those in the industry with one eye on the macro economics. Some indicators suggest we’re due a recession, and that consumer confidence, so vital to our business, is ebbing away, deflating with a myriad of pin pricks from Brexit, trade wars, Donald Trump… It’s easy to give in to the gloom, to fear the hangover as the party comes to an end. However having just finished chairing the judging committee for the 2019 Boat Builder Awards and whittling down close to a hundred nomination entries (25% up on the number last year), I’m encouraged to feel a tad more optimistic. Innovation is rife, a fact that was abundantly clear given the quality of a lion’s share of the…

1 min.
top 10 most read news on ibinews.com

1 Fabio Buzzi tragically killed (Sep 18) 2 Beneteau CEO points to new strategic direction (Oct 14) 3 Sunseeker establishes superyacht division, confirms 60m funding (Sep 27) 4 Cannes Yachting Festival a notable success (Sep 16) 5 Seastar Solutions becomes Dometic Marine (Oct 7) 6 Bavaria CEO on plans for 2020 and beyond (Oct 9) 7 Ferretti announces jump in orders in midst of (Oct 8) 8 MB92 sold to European investment firm (Sep 25) 9 IBEX Innovation Awards recognise new product ingenuity (Oct 2) 10 Cannes show management decision further delayed (Oct 10)…

2 min.
ferretti group cancels ipo

ITALY | Despite strong sales results and reported investor interest in an IPO offering 30% of the Italian yacht builder’s shares, the Ferretti Group nevertheless decided to pull the plug on the public listing in the final hours of the offer period. The builder cited deteriorating conditions in the financial markets which prevented it from getting the valuation it was seeking. The Offer Period opened on October 1 with an indicative share pricing of €2.50 and €3.70, which would have delivered a company valuation of between €727m and €1.08bn. The first day of active trading was initially set to begin on the Milan stock exchange on October 16. In the midst of the Offer Period, Ferretti reported a strong order book which appeared to bode well for the public listing. The company…

1 min.
cannes show: decision delayed

FRANCE | The three-year legal battle between the Fédération des Industries Nautique (FIN) and Reed Exhibitions France over the rights to organise one of the industry’s most important shows – the Cannes Yachting Festival – is set to continue for at least another 18 months. IBI learned the appeal lodged by Reed Exhibitions in response to a court decision earlier this year in favour of FIN’s claims, will not be heard until December 2020, with a decision not likely to be made until the first quarter 2021. This implies the next Cannes boat show will remain under the management of Reed Exhibitions next year and possibly longer. As owner of the Paris and Cannes boat shows, FIN had previously contracted with Reed to organise both shows since 1998 but terminated the contract…

2 min.
beneteau ceo points to new direction

FRANCE | Jérôme de Metz, who took over the helm of Groupe Beneteau as CEO in June, and Hervé Gastinel, the previous incumbent, have put forward conflicting views of the latter’s time in office. In an interview with French financial newspaper Les Echos published on 19 September, De Metz answered questions on his views of the company’s structure and future direction. His remarks included direct and specific criticisms of his predecessor’s management of the business, an analysis which two weeks later led to a measured but extensive public rebuttal from Gastinel on the grounds of reputational damage. Although De Metz’s initial remarks praised the growth achieved under Gastinel’s four-year leadership, he went on to outline a number of areas where he felt the company had failed to make the most of its…