Riviera goes into voluntary receivership
- Thread starter Sundays_Child
- Start date
AndieMac
Well-Known Member
Yeah.....On the news last weekend. Have been going though all the restructuring business over the last couple of years, laying off hundreds every year for the last few years.
Real shame, such a great company, hope they can salvage the brand and rebuild. /forums/images/graemlins/frown.gif
Real shame, such a great company, hope they can salvage the brand and rebuild. /forums/images/graemlins/frown.gif
PowerYachtBlog
Well-Known Member
some updates on this
they restarted to produce on Monday and will participate at the Sanctuary Cove
http://www.wabusinessnews.com.au/en-story/1/72317/Riviera-may-not-be-sold-receiver
I think they can manage to save themselves, still apparently many people where knocking to purchase the brand upon the news last weekend
a 3600 SY Series II was delivered here 2 weeks ago it surely is a very nice boat and looks very well built, watch the update for this on PowerYachtBlog
they restarted to produce on Monday and will participate at the Sanctuary Cove
http://www.wabusinessnews.com.au/en-story/1/72317/Riviera-may-not-be-sold-receiver
I think they can manage to save themselves, still apparently many people where knocking to purchase the brand upon the news last weekend
a 3600 SY Series II was delivered here 2 weeks ago it surely is a very nice boat and looks very well built, watch the update for this on PowerYachtBlog
D
Deleted User YDKXO
Guest
Sad but the first of many I fear
PowerYachtBlog
Well-Known Member
[ QUOTE ]
Sad but the first of many I fear
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you might be rite, but I think it is more the companies who produced like there is no tommorow who should have problems
those who build on order basis and have not much debts with a clean balance sheet should be able to hold on
I think Riviera will survive but I am sure it will have new owners in not so far away times
Riviera as a company is like Sunseeker to Australia more or less, and produces 100 plus of boats a year....
I think in 2007 they did close to 200 boats
Sad but the first of many I fear
[/ QUOTE ]
you might be rite, but I think it is more the companies who produced like there is no tommorow who should have problems
those who build on order basis and have not much debts with a clean balance sheet should be able to hold on
I think Riviera will survive but I am sure it will have new owners in not so far away times
Riviera as a company is like Sunseeker to Australia more or less, and produces 100 plus of boats a year....
I think in 2007 they did close to 200 boats
AndieMac
Well-Known Member
Locally they are/were the biggest, no question. From their retail offices, marketing and boat show presence. Still only small on a worldwide scale, but a local icon never the less.
Vagabond
Well-Known Member
Really big in New Zealand as well... the game fishing type are big sellers here. Shame.