Mercury Marine: 2,000 Layoffs, the $1.16 Billion Reckoning and Recovery
Brunswick Corporation’s revenue dropped $1.
16 billion in 2024, falling from $6.
Brunswick Corporation’s revenue dropped $1.
16 billion in 2024, falling from $6.
Take the world’s most prestigious shipyards, give them unlimited budgets to build what they want, and entrust the results to billionaires who can afford anything.
This, surely, is the recipe for unstoppable growth in the superyacht industry.
Following our story on Sunseeker yesterday we thought it would be interesting to examine the powerboat manufacturing sector more broadly.
What we found suggests the crisis at Britain’s iconic yacht builder is part of a far wider collapse affecting the entire UK marine industry.
Sunseeker International has been forced to secure emergency capital investment from specialist lenders as the luxury yacht builder battles collapsing US sales and mounting inventory problems.
The crisis marks the second time in 15 years that the Poole-based manufacturer has required a financial rescue, with the company’s largest export market now in freefall.
Falcon Tenders, a British full-custom superyacht tender builder based in Southampton, marks its fifth anniversary with the delivery of five tenders.
The company operates from a 2,300-square-metre facility and works with composite, carbon, glass, and wood materials.