Motoring / Yachts

Ferretti Group Sells 12 Yachts in Asia-Pacific in Record Year

Ferretti Group has secured €70 million in sales in Asia-Pacific so far in 2020 and recently signed two new dealerships in Southeast Asia.

Aug 05, 2020 | By Yacht Style

Ferretti Group has already secured its best-ever annual sales figures in Asia-Pacific since establishing its regional headquarters in Hong Kong in 2012. Despite Covid-19, Ferretti Group has sold 12 new yachts so far in 2020, totalling 289m (948ft) in length and a retail value of at €70 million (about US$83 million), proving extraordinary results for the start of the year.

Ferretti Group has already sold 12 yachts into Asia-Pacific this year

Ferretti Group has already sold 12 yachts into Asia-Pacific this year

Ferretti Group Asia Pacific has also continued to grow its dealer network around Asia-Pacific, with two new partners increasing its regional distributors to 14. In the past two months, it has signed exclusive agreements for distributing Ferretti Yachts, Pershing and Riva with Pen Marine for Malaysia and HGB Group for Cambodia and Laos.

Both are part of a commercial strengthening plan that includes significant investments Ferretti Group is implementing globally.

Riva is among the Ferretti Group's many globally renowned brands

Riva is among the Ferretti Group’s many globally renowned brands

In China, Ferretti Group Asia Pacific has signed a strategic Memorandum of Understanding (MOU) with the Sanya Central Business District (SCBD) in Hainan to allow further discussion and the possibility for Ferretti Group to invest and set up a branch in the SCBD project, to cooperate with Sanya on various aspects including yacht sales and service facilities, and continued support in the development of the industry for years to come.

Ferretti Group is scheduled to premiere the 43wallytender, Ferretti Yachts 500 and Riva 88’ Folgore at September’s Cannes Yachting Festival, while the first Custom Line Navetta 30 will be launched later this year. The Group’s new models for 2020 started with the Pershing 7X at Boot Dusseldorf.

www.ferrettigroup.com

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