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« There’s a plethora of private jet aviation businesses out there. It’s a challenge for someone to decide which service can deliver the best travel experience-provide the utmost in luxury, safety, security and privacy. | Main | »

September 08, 2008

LVMH buys Yacht Manufacturer:

The Louis Vuitton Group, LVMH, has purchased Dutch yacht manufacturer Royal van Lent. The yacht company make ultra high end yachts, with an average selling price of 30 million euros.

LVMH buys maker of customised yachts

By Scheherazade Daneshkhu in Paris
Tuesday Sep 2 2008 12:10

The widening gulf between the haves and the have-yachts has prompted LVMH, the world's biggest luxury goods group, headed by Bernard Arnault, to enter an exclusive agreement to buy Royal van Lent, the Dutch builder of Feadship customised motoryachts, which measure 50m or more.

Last week, Hermès, the privately owned luxury goods company, said it had formed a joint venture with Wally, the Monaco-based yachtmaker, "to conceive and develop innovative projects".

LVMH's acquisition of the 160-year-old yacht builder for an undisclosed sum - thought to be between €200m-€400m ($290m-$581m) - is part of Mr Arnault's strategy of expanding at the top of the luxury market, which he believes is insulated from economic downturns.

Posted at 09:00 AM in Private Jets/Yachts/Luxury Cars |

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  • "It is impossible to overdo luxury. Give us the luxuries of life, and we will dispense with its necessaries. Easy to say, hard to be able to do unless you know the Guru of Luxury, Lorre White. I have traveled to many countries with Lorre and she really knows luxury. When she is not around me, I always watching Lorre’s videos and I read Lorre’s blog to keep up on what is new in the luxury market." Princess Victoria London

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    "Lorre's take on the Luxury market is refreshing and frankly very much needed. Her stance on luxury as a "quality of life" vs. gluttonous amassing of quantity couldn't possibly be a timelier message given the times we live in." Michael, eVelvet Rope media, owner

    "Lorre is ground breaking and creative and brings a unique and much needed luxury reach to the web with her timely Luxury Channel on iTunes & her LuxGuru blog. Now anyone in the world can watch." Peter M. Deeb, Chairman, Hampton & Cie SA (Suisse)

    "I love working with Lorre, as she is truly unique expert in her field. She has a vast experience of luxury market and a very impressive international network. She knows the best luxuries by living her life in luxury." Mervi Sippola, Luxury Consultant, Monaco

    "I have been a client of Lorre and White Light Consulting about the US expansion plans for Flow, an endurance drink for golfers. I am always impressed with her marketing ideas, professionalism and amazing international contacts." Marko Sjoblom , Flow Owner, Finland/Monaco

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