Upon unveiling its new headquarters in Milan, Italy, the Ferretti Group has indicated it will continue to develop its core portfolio brands, most notably Feretti Yachts, Riva, Pershing and Custom Line.
Ferrett Group CEO Alberto Galassi outlined growth and expansion strategies for the next three years that include investment in product development of more than €50 million from 2015 to 2017 that will fund 27 new models. This investment follows a capital increase of € 80 million from Weichai Group, the majority shareholder.
Galassi also noted that in addition to the investments and the launching of the Riva Superyacht division, Feretti Group has also slashed its losses in half and reduced its borrowing to an al-time low.
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