Italy’s Ferretti Group Teams Up With Speedo Marine in China
Published: Thursday, 17 April 2014
A recent joint venture between Italy’s Ferretti Group and Speedo Marine, Mainland China’s largest yacht brokerage, will see 11 new dealerships eventually set up across the country.
The joint venture is reportedly an 85%-15% split between Speedo and Ferretti, respectively. Speedo has been active in the yacht market for two decades and employs about 120 people. The 11 dealerships will be in Sanya, Tianjin, Dalian, Shenzhen, Qingdao, Fuzhou, Xiamen, Beijing and Shanghai.
Ferretti Group has an office in Hong Kong and is also exploring the possibility of setting up an office and shipyard over the border in the Pearl River Delta, possibly Zhuhai, to produce boats for the Mainland market.
At the recent Hainan Rendez-Vous, Ferretti launched its first designs specifically for the Chinese market and exhibited seven yachts, including three Asia-Pacific premieres.
Among them was a Ferretti Yachts 690 “Tai He Ban” special edition that draws inspiration from the Hall of Supreme Harmony in Beijing’s Forbidden City.