Latest news with #FerrettiGroup
Forbes
2 days ago
- Automotive
- Forbes
Why Does Italy Produce More Yachts Than Any Other Country?
Italy over the last decade has commanded more than 50% of the global yachtbuilding market, according to leading superyacht intelligence platform SuperYacht iQ. The next largest market shares over the last 10 years — just 10% for the UK and 8% for Turkey — underscore Italy's dominance in the superyacht manufacturing arena. A joint report in 2022 by Altagamma-Deloitte and ICE, the Italian Trade Agency, revealed that Italy's yachtbuilding industry generated an economic impact of €11.4 billion and supported over 54,000 jobs. When marine tourism is included, the sector's total contribution to the national economy rose to €27.7 billion. Italian yachtbuilding is led by industry giants Azimut | Benetti; Ferretti Group, which includes Riva and Pershing; Sanlorenzo Group; and historic names such as Baglietto; and powerhouse corporations like The Italian Sea Group. Other prominent builders include Mangusta, Palumbo Group, and Next Yacht Group. Collectively, they produce hundreds of yachts annually – 135 vessels over 98 feet (30 metres) were completed in 2024. To put that in perspective, the second-largest producer that year, Turkey, delivered just 19 yachts of a comparable size. While there are countries that produce much larger yachts on average, like The Netherlands and Germany, for example, Italy leads in terms of sheer units. Why does Italy produce yachts on such an extraordinary scale? The answer lies in Italy's deep and enduring link to the sea. With 7,600 kilometres of coastline and a strategic position near Europe's principal trade routes, Italy developed its shipbuilding capabilities early, laying the foundations for a thriving maritime industry. Commercial shipbuilding evolved into luxury yachtbuilding, supported by a wealth of infrastructure, generational expertise, and a skilled local workforce. Today, Italian yacht owners are a significant part of the global market. High-profile figures such as Formula 1 boss Flavio Briatore, fashion icons Domenico Dolce and Stefano Gabbana, Giorgio Armani, Roberto Cavalli, and Pier Luigi Loro Piana have all been linked to notable yachts. A rich sailing heritage, bolstered by regattas and world-class sailors, has further cemented Italy's status as a yachting powerhouse. Italian Design Plus, with so many fashion designers choosing to own yachts, it's clear that Italy's connection to design and style plays a role, too. Many superyacht features that we consider standard today originated in Italy – things like unfolding sea terraces around the beach club and glass-bottomed pools were popularized by Italian-built superyachts. Many Italian owners also show a strong preference for domestic brands. For example, Ferretti Yachts' new 940 model was sold to an Italian client, while Columbus Yachts' 164-foot Anjelif was commissioned by a leading Italian pharmaceutical entrepreneur. The Italian Yacht Scene The country's passion for boating comes to life in events such as the Genoa International Boat Show, the premier Italian motor yacht showcase. This year's edition is placing a spotlight on the next generation of yacht designers and builders (with discounted tickets for visitors under 25) and introducing TechTrade Days, a new initiative dedicated to showcasing the most groundbreaking, industry-shaping technologies and innovations. Other key dates on the calendar for Italy include the Maxi Yacht Rolex Cup, which is held off the Italian island of Sardinia in Porto Cervo and attracts a strong fleet of the world's most prominent sailors and sailing boats to compete for the title. Italy's mastery of yachtbuilding is the product of centuries of maritime tradition, plus a culture that prizes design, style and craftsmanship coupled with a a relentless drive to innovate. From family-run shipyards to global industry leaders, the country has built a legacy for itself as a superyachting powerhouse.
Forbes
15-07-2025
- Automotive
- Forbes
Pershing Yachts Celebrates 40th Anniversary In Style
Capri was the sight of the Pershing Yachts 40th Anniversary celebration July 2025 After many years spent writing about yachts, I've learned that the members of the Ferretti Group know how to celebrate. And since the Ferretti Group is comprised of seven iconic Italian brands including Riva, Wally, Pershing and others they always have something to celebrate…in style. Pershing owners and guests were treated to 300-drone light show at the brand's 40th anniversary ... More event in Capri July 2025 So, when I heard that the Ferretti Group was planning to celebrate the 40th anniversary of Pershing Yachts, I had a feeling they'd pull out all the stops. But, the series of parties and events they organized for Pershing owners and guests on Capri—during the height of the summer season—took pulling out the stops to the next level. And that's one of the things that impresses me about the Ferretti Group. They strive to do more than just sell boats. They also work hard to provide their owners with experiences—like a series of cool events in Capri In July—that are quite special as well. The full Pershing line up was on display recently at the brand's 40th anniversary event in Capri And it's obvious that the Ferretti Group's commitment to consistently deliver cool owner's experiences comes from the top down. 'Celebrating Pershing's 40th anniversary in Capri – a unique island in the very heart of the Mediterranean – had a special meaning,' Galassi said. 'Capri is pure beauty, like our boats, and the ideal setting for an extraordinary event that brought together entertainment, innovation and passion. Against a breathtaking natural backdrop, we told the story of an adventure lived in the fast lane: 40 years of incomparable style, comfort and thrilling performance. Emotions that only owners at the helm of a Pershing can truly understand. This event will live forever in the eyes and memories of everyone who was there, and above all in the glorious history of our brand.' F1 driver and new Pershing 6x owner George Russell (blue jacket) with Ferretti Group CEO Alberto ... More Galassi Like all Ferretti Group events, owners and guests—including Formula 1 driver George Russell who spent the first night aboard his new Pershing 6X just before the event—were treated to lots of memorable events that started with the presentation of the new Pershing GTX70, announced by a spectacular light show featuring 300 drones after dinner at Capri's famous 'La Canzone del Mare' restaurant. Then guests danced like crazy at a private show from Capri legend Gianluigi Lembo of 'Anema e Core'. Pershing Yachts 40th Anniversary in Capri The following day guests were treated to lunch in Nerano, at Antonio Mellino's famous 'Quattro Passi', while in the evening there were two dinner venues, both in Capri and both booked entirely for the event: the historic 'Il Riccio' and chef Franco Pepe's signature pizzeria and seafront restaurant 'a-Ma-Re Capri'. Pershing owners also got to see new Pershing 6X, 7X and 8Xs, along with a Pershing GTX116 a Pershing GTX70 in action too. Bellissimo
Forbes
01-07-2025
- Automotive
- Forbes
Flexjet And Ferretti Group Announce Stylish And Substantive Design Collaboration
Flexjet and FERRETTI GROUP announce design collaboration in Milan Imagine this. It's a hot summer day in NYC. But the temperature in your chauffeur-driven car is perfect. And the only heat you feel is during the short walk to a Sikorsky S-76 helicopter that's waiting to fly you to Teterboro airport. Flexjet S-76 helicopter equipped with Riva Volare interior flies over Italy Then, after a short and scenic flight across the Hudson. You're taking another short walk. This time, to a Gulfstream G650 that's waiting to fly you across the Atlantic. Sounds luxurious, right? Flexjet's S-76 Riva Volare takes the experience of flying in a helicopter to the next level Well, now that private aviation leader Flexjet, and the Italian yacht building juggernaut Ferretti Group's Riva brand have announced a new design collaboration, they're hoping to take that type of private aviation experience to the next level. And they've started by designing and outfitting two of Flexjet's Sikorsky S-76 helicopters, and one of their fleet of Gulfstream G650 ultra-long-range jets, with 'Riva Volare' interiors inspired by iconic Riva yachts. Flexjet G650 with bespoke Riva Volare interior The bespoke design scheme is the result of the combined vision of both brands that features materials, patterns, textures and colors that are inspired by iconic Riva design elements. The partnership was unveiled in a large private aircraft hangar in Milan featuring the Flexjet Gulfstream G650, Sikorsky S-76 helicopter with Riva Volare interiors—and a Riva Aquariva Special. But that was only the beginning. The Flexjet Riva Volare interior is unique Kenn Ricci, Chairman of Flexjet said: 'I have long admired the iconic style of Riva, and seeing this brought to life in our aircraft, is nothing short of exceptional. At Flexjet, design is more than an aesthetic bonus, it's integral to the elevated experience we offer. The launch of Riva Volare in collaboration with Ferretti Group is a tangible expression of our shared commitment to evolving truly memorable experiences for UHNW and selective travelers. With Flexjet in our 30th year, Riva Volare is not only a celebration of a timeless design icon, but also a bold statement of where we're going - defining the standard for what it means to be a modern luxury brand.' Ferretti Group CEO Alberto Galassi watches as the Flexjet G650 with the bespoke Riva Volare interior ... More does a Flyby at an event at the historic Rica shipyard in Italy. In true luxury fashion, the partnership was celebrated in style (along with four new Riva models being introduced) at the Riva Private World Première party at Riva's storied Sarnico, Italy shipyard the next day. Riva celebrates their partnership with Flexjet in style 'This night of incomparable beauty will live on in the history of the Sarnico shipyard,' said Ferretti Group CEO Alberto Galassi. 'I can't wait for the Aquariva Special, Riva Cento, Riva 58' Capri and Iseo Super to spark the same excitement in yacht enthusiasts that I felt tonight with all our friends and guests at this incredible Private World Première. And because beauty begets beauty, we also admired the flyover of the new Gulfstream G650 with interiors designed by Riva, another magnificent result of the collaboration with Flexjet, our top-tier private aviation partner.' 4 new Riva models on display at the historic Riva shipyard in Sanrico Italy In fact, Flexjet's Riva Volare G650 was only the flyover of the night. The Italian Air Force's National Aerobatic Team—Freece Tricolori—made several dramatic flybys as well. And if that wasn't enough, the night was capped with a private fireworks display. Mama Mia! Ribbon Cutting CEO Ferretti Group Avv. Galassi e CEO Flexjet Ken Ricci I must admit, it's cool to Ferretti Group and Flexjet celebrate the announcement of their partnership so enthusiastically. But I'm even more impressed by the fact that their design collaboration seems to be way more than a mere co-branding deal. The bands and the people behind them seem to be well-aligned, and I'm curious to see what might come next.
Zawya
30-06-2025
- Business
- Zawya
Flexjet & Ferretti Group unveil the Riva Volare private jet & helicopter interior
Riva Volare is a new custom-built cabin design for Flexjet's Gulfstream G650 and Sikorsky S-76 helicopter, inspired by the iconic style of Riva motoryachts, part of the Ferretti Group portfolio The collaboration aims to provide a uniquely immersive travel experience for UHNW individuals, and deepens the growing partnership between the two luxury industry leaders, driven by a shared passion for performance and exquisite design The Riva Volare Sikorsky S-76 helicopters will feature in a new Flexjet helicopter operation serving Italy and the French Riviera and Florida Flexjet, a global leader in private aviation, and luxury yacht leader Ferretti Group, have unveiled their highly anticipated, design collaboration Riva Volare - a unique cabin design for Flexjet's aircraft interiors, inspired by the iconic Riva motoryachts. This bespoke design project is a lavish realisation of the official partnership formed in May 2024 between the two luxury leaders, which each share a passion for high performance, exceptional craftsmanship and sleek, bold design. Part of Flexjet's range of customised and boutique-style LXi Cabin Collection™ interiors, Riva Volare is fitted aboard one of the private aviation leader's Gulfstream G650 ultra-long-range jets, seating up to 12-15 passengers and capable of flying for up to 14-16 hours, connecting New York and Tokyo, London, Singapore or Milan. The interior is also presented in two of Flexjet's Sikorsky S-76 helicopters, one in Florida and the other featuring in a new helicopter operation based in Milan, serving Italy and the French Riviera. This represents the growth of the company's helicopter division into mainland Europe, adding to its existing rotary operations in London, New York and Florida & The Bahamas. The new service area will cater to growing demand from the company's existing jet Owners and from new clients for helicopter flights in Italy and the South of France during the summer months, with Ferretti Group clients benefitting from preferential access. The finished design was revealed on Thursday, June 26 at an official unveiling event at Milano Prime Linate Airport, featuring a static display of the Flexjet Gulfstream G650, Sikorsky S-76 helicopter and a Riva motoryacht, the Aquariva Special. The event took place in the hangar recently built for Flexjet's sister company and aircraft management and maintenance provider Sirio, by SEA Prime - the leading Italian and European business and general aviation infrastructure manager, operating under the brand Milano Prime. The bespoke design scheme is the refined result of a combined vision and months of expert craftsmanship by in-house designers at both brands. Riva Volare features artisanal materials and bold patterns, textures and colours, that draw on the classic silhouettes and recognisable design elements of the beloved Riva motoryachts, blending details from the iconic 1960s Aquarama with the contemporary elegance of the Aquariva. Kenn Ricci, Chairman of Flexjet said: 'I have long admired the iconic style of Riva, and seeing this brought to life in our aircraft, is nothing short of exceptional. At Flexjet, design is more than an aesthetic bonus, it's integral to the elevated experience we offer. The launch of Riva Volare in collaboration with Ferretti Group is a tangible expression of our shared commitment to evolving truly memorable experiences for UHNW and selective travellers. With Flexjet in our 30th year, Riva Volare is not only a celebration of a timeless design icon, but also a bold statement of where we're going - defining the standard for what it means to be a modern luxury brand.' Alberto Galassi, Ferretti Group CEO, added: "Riva style is an expression of elegance that infuses every project with class and exclusivity, both at sea and on land, and now at high altitude as well. Riva Volare is another splendid result of our collaboration with Flexjet, a brand with which we share the same passion for constantly raising the quality standards we offer our customers. Contemplating the sky and the clouds while immersed in the world of Riva is an incredibly beautiful and satisfying experience, an absolute must.' Each element of the Riva Volare design - from the colour palette to the tactile materials - has been thoughtfully curated to evoke timeless Riva cues, featuring contrasts between light and dark, colour detailing, and luxurious textures of leathers and metals. A curated selection of Riva glass, china, and silverware will feature in the onboard hospitality experience on the Gulfstream G650, expertly presented by Flexjet's Red Label Academy trained cabin servers. During their immersive Riva-inspired journey, Flexjet passengers will also enjoy: Soft, handstitched leather seating, piped with Riva's signature aquamarine colour and intricately embroidered with Riva logos, icon of yachting and elegance. High-gloss, striped-wood veneer panelling - synonymous with the iconic Riva interiors. Pop-up kibitzer social seating in the Gulfstream G650 comprising a classic nautical stripe design in blue and white. Accent areas featuring the Riva aquamarine and deep blue 'Blu Sera' colours, paired with trademark polished metallic trims. A striking silken carpet, inspired by the sleek motion of a Riva motoryacht cutting through water. The Flexjet Gulfstream G650 Maximum range 7,000nm or 11,263km - up to 14-16 hours flight time Up to 12-15 passengers Global fleet for flights across the world Multi-zone interior to sleep, dine, work, relax Cabin altitude of 1,002m (3,290ft) for reduced fatigue & jet lag 47 decibels sound level - one of the quietest in private aviation 1.96m (6'5') stand-up cabin provides space for tallest passengers Starlink Wi-Fi for seamless, high-speed connectivity Cabin server and well-equipped galley for extensive hospitality The Flexjet Sikorsky S-76 300 nautical miles or 555km range - up to 2.5 hours flight time Up to 8 passengers One of the world's most respected and longest-established super-midsize helicopters Reputation built on more than 40 years of safe flight history Dual-redundancy safety features include twin-turbine engine reliability; a 4-blade rotor system for enhanced stability, comfort and safety; and dual autopilot systems Every helicopter flight is operated by two certified, IFR qualified pilots For more information: Ferretti Group Media Center; Flexjet Press Centre -Ends- About Ferretti Group Thanks to Italy's centuries-old yachting tradition, the Ferretti Group is a world leader in the design, construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of prestigious and exclusive brands: Ferretti Yachts, Riva, Pershing, Itama, CRN, Custom Line and Wally. Led by Chief Executive Officer Alberto Galassi, the Ferretti Group owns and manages seven shipyards located across Italy, which combine the efficiency of industrial production with typical world-class Italian craftsmanship, reaching customers in more than 70 countries across the world thanks to a direct presence in Europe, the United States of America and Asia and its network of approximately 60 carefully selected dealers. The Ferretti Group motor yachts, utmost expression of Made in Italy elegance and creative genius, have always stood out for their exceptional quality, cutting-edge technology, record safety and optimum performance in the sea, as well as their exclusive design and timeless appeal. For more information: About Flexjet A global leader in private aviation, Flexjet has been long-established in the fractional jet ownership market since 1995. Its global headquarters and Global Operations Control Center are in Cleveland, Ohio, with its European operation based in London's Mayfair and at Farnborough Airport. In Europe, Flexjet offers shared ownership of its premium fleet of business jets, including the Embraer Praetor 600 and Gulfstream G650. Internationally the exclusive fleet includes the Embraer Phenom 300, Praetor 500, Praetor 600, Bombardier Challenger 350 and 3500, the Gulfstream G450 and G650. Red Label by Flexjet, a market differentiator, features the most modern fleet in the industry, flight crews dedicated to a single aircraft and the LXi Cabin Collection™ of interiors. Flexjet's helicopter division offers flying programmes on a fleet of owned and operated helicopters, including the Sikorsky S-76, Agusta AW109 and AW169, serving locations in the United Kingdom, Northern Italy northeastern United States, and southern Florida. In Europe Flexjet holds a 4AIR Silver Rating, recognising its leading approach to sustainability. This includes offsetting 300% of carbon emissions for every flight, with Owners also able to commit to Sustainable Aviation Fuel (SAF); and invest in the Aviation Climate Fund (ACF) to support future flight research and development projects. Flexjet is a member of the Directional Aviation family of companies. Visit or follow us on Instagram @FlexjetIlc Ferretti Group Head of Media Relations Giovanni Bogetto Francesca Fusaro Barabino & Partners Federico Vercellino Giorgia Serra Noesis Comunicazione Asli Gulfidan/Martina Baldazzi ferrettigroup@ Flexjet Viv Diprose Tom Ville The PC Agency Paul Charles/Rosie Bateman flexjet@
Forbes
13-06-2025
- Automotive
- Forbes
This Slick Sports Yacht Just Made Its Debut At The Venice Boat Show
The yacht was launched in March. Ferretti Group For yacht buyers with a need for speed, it's no secret that Italian brand Pershing is the premium choice. With a long history of high-quality construction and a focus on R&D that's backed by parent company and yachting giant Ferretti Group, the Italian brand is the industry leader for performance boats. But in the last few years, Pershing has been branching into yachts with a bit more focus on liveability. Built under the GTX Sport Utility series, the new line of lines is characterized by more waterfront real estate and an increased focus on comfort, space and longer voyages. Six guests are accommodated in three cabins. Ferretti Group In other words, the GTX line hasn't been made for zipping around Ibiza drinking champagne – this is a series for sun-slowed weekends around the quieter Balearics, sipping mojitos and soaking up the Mediterranean views. The latest model from the line just made its premiere at the Venice Boat Show. The show has long been a staple in the yachting calendar, giving yacht builders an alternative window to showcase their products outside of the busy September boat show season. It's also crucial for the Adriatic market and yacht builders like Pershing, which is based just nearby, in Mondolfo, are right at home in The Floating City. The highly anticipated GTX70, launched this spring in Fano, is the third and most compact entry in the marque's Sport Utility Yachts range. At 71.5-feet (or 21.8 meters), its delivery coincides neatly with the builder's 40th anniversary and its premiere at the 2025 Venice Boat Show got people talking. With a beam of 5.42 meters, the GTX70 is more than just a scaled-down version of its larger siblings. Developed in collaboration with the Ferretti Group's Product Strategy Committee led by Piero Ferrari, Vallicelli Design, and the Group's Engineering Department, the model features a new hull and construction process that blends the latest technology with classic Pershing craftsmanship. The result is a sleek, elegant vessel that stays true to the aggressive spirit of the GTX line with its clean lines, a slightly convex sheer, and a near-vertical bow. The focal point of the design is the unfolding bulwarks on the beach club that together create a 23 square meter oceanfront lounge right at the water's edge. Pershing takes it one step further with a lifting swim platform that expands the available space and also offers practical benefits like tender and Jet Ski launching (the recommended tender is a Williams 325 tender). Inside, the GTX70 punches well above its weight class in terms of volume and layout, thanks, in part, to the widebody design. The main deck's open-plan design connects the shaded cockpit lounge to the galley and forward salon via a clever up-down glass panel. Interior materials and lighting have been thoughtfully curated with touches of Nubuck leather and Pershing's signature sporty LED light bars. Attendees of the Venice Boat Show 2025 were given a chance to see inside – but those who weren't at the yacht show will have to wait until the official photoshoot is released. Below, the GTX70 offers accommodations for up to six guests in three en suite cabins, with a layout that maximizes both privacy and comfort. Above, the 16 square meter sportbridge offers sunbathing, alfresco dining, and command station zones, and is available with an optional electric Bimini top. Of course, no Pershing would be complete without performance credentials. Powered by triple 900 hp Volvo Penta D13 IPS1200 engines, the GTX70 is capable of reaching a top speed of 35 knots, with a comfortable cruising speed of 30 knots. During the boat show, the Salone Nautico Venezia organized special sea trials around the Venice Lido to give prospective buyers the chance to put the yacht's driveability and speed to the test. With its world premiere at one of the more boutique shows in the calendar, the Pershing GTX70 makes a bold statement: high-performance yachting can still offer space, comfort, and elegance, even at under 22 meters. It's a sleek, sea-going celebration of Pershing's four-decade legacy and a sign of exciting things to come for the GTX line.
