Monday, 20 June 2011

Brazilians take up slack in luxury yacht market

http://www.ft.com/cms/s/0/ae656644-9a9c-11e0-bab2-00144feab49a.html#axzz1Ph3YdMuf

SS SAYS

FIRST CAME THE CHINESE

THEN CAME THE AUSTRALIANS

NOW - PLS WELCOME THE BRAZILIANS

THE BUBBLE IS JUST BUILDING UP

SUCKING EVERYBODY INTO IT

THE END WILL BE PHENOMENAL

=====

The company plans to boost its Brazilian workforce from 600 to 1,000 and increase sales by up to 15 per cent annually during the next three to four years, chief executive Giancarlo Galeone told the Financial Times.

Revenue from the Mediterranean region is only a third of what it was before the global financial crisis hit.

In Greece, sales have dropped from €30m-€40m a year to close to zero this year after the group managed to sell only one small boat, Mr Galeone said.

No comments:

Post a Comment