Archive for the 'luxury businesses' Category

Abramovich’s New $350 Million Megayacht Will Have Missile Defense System

Russian billionaire Roman Abramovich’s new $355 million, 555-ft. Eclipse, designed to be the world’s biggest, will have a military-grade missile defense system to keep the oligarch safe. My colleague Deidre Woollard first reported on initial plans for the Eclipse back in January. Now further details are emerging about the megayacht (rendering above), which when completed [...]

Friday, September 4th, 2009

LVMH Moet Hennessy Louis Vuitton to Acquire Royal van Lent, Builder of Luxury Mega-Yachts

French luxury products group LVMH Moet Hennessy Louis Vuitton said Monday it has signed an exclusive agreement with Dutch investment company Egeria to acquire Royal van Lent, the Dutch designer and builder of luxury custom mega-yachts sold under the Feadship brand. The talks with owner Egeria, a Dutch investment firm, are based on an acquisition [...]

Friday, September 4th, 2009