All articles by Subscriber-only – Page 252
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NewsFirst-time boat buyers up 34% in US
New empirical data confirms anecdotal reports of high numbers of new boaters entering US market
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NewsNew start for Bente sailboats at Lake Constance
Boat dealer and marina owner Meichle & Mohr takes over the Bente legacy. Sonja Meichle and Christian Daum talk in our interview about the brand’s future.
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NewsHong Kong boating market shines while the rest of Asia struggles
The market is looking forward to the 1st Hong Kong Yacht Show in November
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VideoIBI speaks with MarineMax CEO Brett McGill
IBI contributor Craig Ritchie speaks with Brett McGill, CEO of America’s largest boat retailer about how the company’s digital strategy and investments over the past ten year have paid off during the Covid crisis, the significant shift in consumer appetite to get out on the water, and some of the ...
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NewsPrincess Yachts sells nine X95s off-plan with an X80 to follow
UK yard now fully back at work and hiring again
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NewsBavaria Yachts Group CEO Michael Müller - The 10-minute read
Not watched the video yet? Read the transcript of IBI’s recent interview with Michael Müller, Bavaria’s CEO as he outlines the builder’s strategy for new launches, new work practises and ambitions for the German brand post Covid.
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NewsRecord Q3 revenues for MarineMax
Clearwater, Florida-based boat and yacht retailer MarineMax reported record revenues for its third quarter of 2020, fuelled by a 37% year-over-year bump in same-store sales. For the quarter ended June 20, 2020, the company reported revenues of US$498.3m, marking a 30% year-over-year increase from the $383.4m in revenues earned during ...
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NewsOXE Marine chooses BMW to power its next generation OXE200 outboard series
Both companies have also agreed to co-brand the OXE300
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NewsLa Ciotat Shipyards announces sharp price cuts
New government measures represent a significant financial contribution
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NewsGYG reports record order book and 41.8% revenue growth for 2019
Transformational year provides greater earnings consistency and sustainability
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NewsAkzoNobel: Covid-19 squeezed Q2 earnings, but profitability up
Covid-19 drove down Q2 earnings at AkzoNobel, but the Dutch paints and coating multinational said “a strong focus” on margins and cost savings raised profitability by 14%, up from 13.7% in the same 2019 period. Releasing AkzoNobel’s Q2 results, CEO Thierry Vanlancker said: “Despite lower end market demand, our business ...
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NewsRiviera expands to meet demand
Riviera’s 14-hectare production facility on Australia’s Gold Coast is said to be the largest of its kind in the Southern Hemisphere Australian motoryacht builder Riviera is expanding its 14-hectare production facility to meet international and domestic demand and the company’s growing number of new motoryacht models. The ...
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VideoIBI speaks with Bavaria CEO Michael Müller
IBI editor Ed Slack speaks with Michael Müller, CEO of the Bavaria Yachts Group about the launch of the new Vida day cruiser taking the company into the outboard motorboat segment and supporting the company’s strategy of providing a full range of boat lines for the marketplace.
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NewsDometic Q2 sales down 38%
Swedish equipment manufacturer reports hefty declines followed by encouraging trends in “extraordinary” second quarter
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NewsSix US marinas change ownership in two acquisitions
Safe Harbor buys five; Southern Marinas one
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NewsUK’s largest retail chain reports strong 2019 results
Owner comments positively on post-lockdown trading
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NewsHering Propellers sold
One of the most iconic brands in offshore racing and high-performance boating, Hering Propellers, has been acquired by FJ Propeller Midwest. FJ, located on Missouri’s Lake of the Ozarks, was founded by two-time world champion offshore racer Casey Boaz, who heads the CR Racing team. “I think Hering Propellers has ...
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NewsCovid-19 hurts Q2 sales and earnings for Volvo Group
Volvo Penta business down 32% year-over-year, but CEO Lundstedt confident current transformations will position company to leverage new opportunities
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NewsDöğuş Group sells three Turkish marinas to CVC Capital
Deal completes sale of D-Marin facilities
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