[Blarp]

Originally Posted by 84far

hi GFC

at the end of the day i dislike the boats because they are punching above there grade. if they tell it how it is then fine go for it, but put a tower on it and say its a world leading SF...

far

This week sees one of the biggest boat shows in the southern hemisphere, on Riviera's home turf.
Although they have a reputation for Flybridge boats, I think some people will be suprised when they see the new triple IPS 58 Sports Yacht, aimed at the European market. It could possibly be the best boat to come out of Riviera but will it be too little too late?

[CODOG]

Originally Posted by Blarp

This week sees one of the biggest boat shows in the southern hemisphere, on Riviera's home turf.
Although they have a reputation for Flybridge boats, I think some people will be suprised when they see the new triple IPS 58 Sports Yacht, aimed at the European market. It could possibly be the best boat to come out of Riviera but will it be too little too late?

I hope not. Meanwhile, the Lizard has drunk Belinda's Artois.

[Blarp]

Originally Posted by CODOG

I hope not. Meanwhile, the Lizard has drunk Belinda's Artois.

Indeed it did

I dont think it is all over quite yet for Receiviera.
Since it is the biggest boat Brand in Australia, somoene will buy it up and it will carry on just like Mustang (another Aus company that went wrong last year).
It will be a smaller operation for a while and hopefully it will increase the build quality since they will get to ditch all the old dead wood.

A bit like Germany after the war when it rebuilt itself, except with a different accent.

[K1W1]

Originally Posted by Blarp

A bit like Germany after the war when it rebuilt itself, except with a different accent.

Hi,

I wasn't aware that Australia had signed a surrender with anyone as yet- is this a new Rudd Govt intention?

There is a large difference between a luxury goods manufacturer who may or may not have been at the pinnacle of the Industry having a tough time when the economy doesn't support it's continuation and a country that has been destroyed by years of war and deprivation.

[84far]

hi all

"Following the restructure process, the receivers and managers intend to sell Riviera as a going concern and thus preserve what has become over the last 29 years, an iconic Australian boating company with real international presence."

http://news.brisbanetimes.com.au/bre...0520-bffk.html

Pascal, i think VikHatBer is having a go (like myself) at there flybridge/express range, not cruiser range. why wouldnt u have a battlewagon, there just as practical, and performance they have it hands down, and looks to die for... and the Riv is a heavier beafier boat (IMO).

far

[Lrgyot]

Mustang Marine makes offer to buy Riviera

By IBI Magazine

According to local news reports, Mustang Marine has offered to buy the Riviera Group. Receivers were called in to manage Riviera on May 8, 2009.

According to goldcoast.co.au, Mustang is thought to be one of two bidders for Riviera's assets. Riviera is Australia's largest boat manufacturer, employing more than 500 people. The news site said that its debts amount to about AUS$320m.

"Our bank (the Standard of Asia) has registered interest in Riviera,'' Mustang CEO Chris Heaton told the website. "Losing your major competitor is never a good thing and losing the largest manufacturer in Australia is never a good thing. We want to be involved in the sale process so that the best comes out of the marine industry because it's pretty tough times out there at the moment."

Mustang was acquired by the Hong Kong-based Standard Bank of Asia at the end of 2007 after the National Australia Bank called in receivers. He said the Standard of Asia Bank was very supportive of the Gold Coast boat manufacturing industry. "They are knowledgeable about manufacturing and they do see opportunities for further expansion into the industry in Australia,'' he said.

Heaton said that Mustang has continued to rebuild its brand and dealer network. "We've had a tough 18 months, as it has been for the whole industry and we are certainly not hiding behind that. However, there has been incremental progress each month to the point that since November we have increased our staff levels by 30 per cent,'' said Heaton.

Heaton said even if the group was successful in buying Riviera, Mustang would still focus on entry level boats. Mustang is launching four boats from 28 to 50 feet at the Sanctuary Cove International Boat Show.

(21 May 2009)

[Blarp]

Originally Posted by Blarp

This week sees one of the biggest boat shows in the southern hemisphere, on Riviera's home turf.
Although they have a reputation for Flybridge boats, I think some people will be suprised when they see the new triple IPS 58 Sports Yacht, aimed at the European market. It could possibly be the best boat to come out of Riviera but will it be too little too late?

http://www.goldcoast.com.au/article/...oast-news.html

Amazing what can happen even though the first day of the show was cancelled due to terrible weather, receivers are stripping the company and the economy is completely rooted.

Not that the $17m of sales or the fact that the 5800SY is now sold out until July 2010 will be of any consolation to the 30% of staff that were made redundant today!

Strange times indeed

[84far]

hi all

Blarp, i would say (i could be wrong) that those customers have been lining up since day dot of the boat getting announced that it will be a new line. then (so i have been told) Riv tell the customer to come into the show and sign there (makes Riv look like there selling boats, and theres no better place then at the boatshow).

and some back door news, Riv paid for the docks (best location at the show) and all advertising etc (when they clearly knew there going down the drain), but have not paid the creditors. i have a connection with the winch company that supply Riv, there not happy with the figure they may not get back.

far

[Garry Hartshorn]

Who knows with all the smoke and mirrors. But as I am currently doing a refit in the yard next door I have notoced that the Riviera carpark has been full the last couple of days and it has not been so for the last 2 months.

[Blarp]

Originally Posted by 84far

i would say (i could be wrong) that those customers have been lining up since day dot
far

I was on the boat every day of the show. I know for a fact that 5 of the 9 sales so far were new to the boat at the show because I personally gave them the cold tour and introduced them to the product. All of them had been looking at other boats of this size at the show that day.
However 4 clients already had deposits and were quite rightly waiting to see the boat before commiting.
So you are half right

Many subcontractors have been stuffed and it is a terrible situation for them and their families, the whole thing is just awful, on a global scale.

[Blarp]

Originally Posted by Garry Hartshorn

Who knows with all the smoke and mirrors. But as I am currently doing a refit in the yard next door I have notoced that the Riviera carpark has been full the last couple of days and it has not been so for the last 2 months.

The company had a month long (April) shutdown of its production line to clear stock.
Those workers are now back at work.

[JeffSheu]

Another news of Riviera:

Riviera to manufacture new range in Taiwan ( )

What a difference a year makes! In May last year, the then Riviera CEO Wes Moxey stated that the company was 'not considering and would never consider manufacturing offshore'. A few days ago at Sanctuary Cove Boat Show, Australia's largest luxury boat builder, Riviera, now in receivership, announced a completely new range of massive boats which are to be built by a specialist yard in Taiwan under the name 'Riviera Motor Yachts'.

Ranging in size from 73 to 85 feet, the new models will be the epitome of luxury for a few discerning owners.

Riviera 73, 78 and 85 Motor Yachts extend the range of options for dedicated Riviera owners close to superyacht dimensions.

The new range will be built at a specialist yard in Taiwan under strict Riviera supervision. The yard's senior management, led by a naval architect, each has more than 25 years of experience in boat building. They have previously worked with such names as Marlow, Hargrave and Horizon Yachts and currently produce the range of New Ocean Yachts.

http://www.marinebusinessnews.com/index.cfm?nid=57036

[Neil1]

Just my 2 cents worth is nothing but praise for the brand.
Have a few friends with new model 33's and a few with the
older Mariner 34 who have had no problems.

Have spent many hours on them including ocean trips to
Sydney from Lake macquarie.
Have never heard the owners complaining about
performance reliability or quality.

For many years attending the Sydney boat show as a
looker, Riviera was the only big brand that was happy to
have anyone enter there boats.
There wharf space was surrounded by neat lines of shoes
while the public was on board looking.
With the other imported brands they had there little signs
stating "by appointment only"

You certainly felt welcome with them and this was one
factor a friend bought a Riv 33 about 2 years ago.
He inquired about an appointment to look over another
brand and was told to come back tomorrow.
This might be one small reason they have done well here.

[VikHatBer]

Originally Posted by JeffSheu

Another news of Riviera:

Riviera to manufacture new range in Taiwan ( )

What a difference a year makes! In May last year, the then Riviera CEO Wes Moxey stated that the company was 'not considering and would never consider manufacturing offshore'. A few days ago at Sanctuary Cove Boat Show, Australia's largest luxury boat builder, Riviera, now in receivership, announced a completely new range of massive boats which are to be built by a specialist yard in Taiwan under the name 'Riviera Motor Yachts'.

Ranging in size from 73 to 85 feet, the new models will be the epitome of luxury for a few discerning owners.

Riviera 73, 78 and 85 Motor Yachts extend the range of options for dedicated Riviera owners close to superyacht dimensions.

The new range will be built at a specialist yard in Taiwan under strict Riviera supervision. The yard's senior management, led by a naval architect, each has more than 25 years of experience in boat building. They have previously worked with such names as Marlow, Hargrave and Horizon Yachts and currently produce the range of New Ocean Yachts.

http://www.marinebusinessnews.com/index.cfm?nid=57036

Taiwan gulped up an Australian legend...

Riviera was no Viking or Burger in the first place... more like a glorified Carver, so it's not that big of a loss in the annals of yachting history...

[K1W1]

Originally Posted by VikHatBer

Taiwan gulped up an Australian legend... How does that feel, Aussies?

Riviera was no Viking or Burger in the first place... more like a glorified Carver, so it's not that big of a loss in the annals of yachting history...

Hi,

All those brands are similar from what I see so maybe all their factories should relocate.