{{Infobox company , name = Princess Yachts , logo = Princess Yachts Logo

, type =

Limited company In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. In a company limited by shares, the lia ...

, industry =

Boat building Boat building is the design and construction of boats and their systems. This includes at a minimum a hull, with propulsion, mechanical, navigation, safety and other systems as a craft requires. Construction materials and methods Wood Wo ...

, fate = , predecessor = , successor = , founded = 1965 , founder = , defunct = , hq_location_city = Plymouth , hq_location_country =

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

, area_served = , key_people = Brian Phillips, Cliff Viney and David King (Co-Founders), Antony Sheriff (Executive Chairman) , products = , owner = , num_employees = Approximately 3200 , num_employees_year = , parent =

KPS Capital Partners KPS Capital Partners is an American investment company that manages KPS Special Situation Funds, a family of investment funds. KPS specifically invests out of two funds raised in October 2019: KPS Special Situations Fund V ($6.12 billion) and KPS ...

{{cite web , url= https://www.sharecast.com/amp/news/news-and-announcements/princess-yachts-to-be-sold-to-kps-capital-partners---report--12307772.html , website
Princess Yachts
Princess Yachts Limited is a

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

luxury motor

yacht A yacht is a sailing or power vessel used for pleasure, cruising, or racing. There is no standard definition, though the term generally applies to vessels with a cabin intended for overnight use. To be termed a , as opposed to a , such a pleasu ...

manufacturer based in the city of Plymouth,

Devon Devon ( , historically known as Devonshire , ) is a ceremonial and non-metropolitan county in South West England. The most populous settlement in Devon is the city of Plymouth, followed by Devon's county town, the city of Exeter. Devo ...

England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...

Profile

Established in Plymouth in 1965 as Marine Projects (Plymouth) Ltd, Princess Yachts was bought in 1981 by

South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the ...

n businessman Graham J. Beck. Marine Projects became Princess Yachts International PLC in 2001. In June 2008, Beck sold a 75% stake in the business to French businessman Bernard Arnault's investment group, L Capital 2 FCPR, an investment group co-sponsored by LVMH (Moët Hennessy Louis Vuitton) and Groupe Arnault.{{cite news, url=http://news.bbc.co.uk/1/hi/england/devon/7432960.stm , title=Luxury yacht firm's 'golden' deal , work=

BBC News BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broad ...

, date=2008-06-03, accessdate=2008-06-03 In January 2016, L Capital merged with Catterton to become

L Catterton L Catterton is a U.S.-headquartered private equity firm. Since 1989, the firm has made more than 250 investments in brands across all segments of the consumer industry. L Catterton is led by its co-Chief Executive Officers, J. Michael Chu and S ...

.{{cite web , url=https://www.lcatterton.com/Investments.html#!/historical/R:Flagship_Buyout/Princess_Yachts_International , title=Investments | L Catterton {{cite web , url=https://news.sky.com/story/british-luxury-yacht-builder-princess-sets-sail-to-find-new-owners-12622465 , title=British luxury yacht-builder Princess sets sail to find new owners The LVMH group includes over 60 international luxury brands, including:

Louis Vuitton Louis Vuitton Malletier, commonly known as Louis Vuitton (, ), is a French high-end luxury fashion house and company founded in 1854 by Louis Vuitton. The label's LV monogram appears on most of its products, ranging from luxury bags and leather ...

, Christian Dior,

Fendi Fendi () is an Italian high-end luxury fashion house producing fur, ready-to-wear, leather goods, shoes, fragrances, eyewear, timepieces and accessories. Founded in Rome in 1925, Fendi is known for its fur, fur accessories, and leather goods. ...

, De Beers,

Moët & Chandon Moët & Chandon (), also known simply as Moët, is a French fine winery and co-owner of the luxury goods company LVMH Moët Hennessy Louis Vuitton SE. Moët et Chandon is one of the world's largest champagne producers and a prominent champa ...

Veuve Clicquot Veuve Clicquot Ponsardin () is a Champagne house founded in 1772 and based in Reims. It is one of the largest Champagne houses. Madame Clicquot is credited with major breakthroughs, creating the first known vintage champagne in 1810, and ...

and Krug. Princess Yachts operates in 119 countries and employs over 3,200 people worldwide,{{cite web , url=https://www.business-live.co.uk/manufacturing/plymouths-princess-yachts-reveals-record-21732331 , title=Plymouth's Princess Yachts reveals record billion dollar order book , date=October 2021 whilst their shipyards cover a combined area of over 1.1 million square feet.

Range of yachts

The Princess Yachts range is sub-divided into the following class types: X Class, Y Class, F Class, V Class, S Class and R Class.{{cite web , url=https://www.princessyachts.com/our-craft/ , title=Our Craft - Princess Yachts - British Luxury Yacht Manufacturer * X Class: super flybridge yachts ranging from 80 to 95 feet. * Y Class: Motor yachts ranging from 72 to 95 feet. * F Class: Flybridge yachts ranging from 45 to 62 feet. * V Class: sports yachts ranging from 40 to 78 feet. * S Class: sportbridge yachts ranging from 62 to 78 feet. * R Class: fully

carbon fibre Carbon fiber-reinforced polymers (American English), carbon-fibre-reinforced polymers (Commonwealth English), carbon-fiber-reinforced plastics, carbon-fiber reinforced-thermoplastic (CFRP, CRP, CFRTP), also known as carbon fiber, carbon compo ...

performance sports yacht at 35 feet

Partnership with BAR Technologies and Pininfarina

In January 2018, Princess Yachts announced they were partnering with BAR Technologies to create a new yacht, the Princess R Class,“Princess Yachts reveals partnership with BAR Technologies”. Ybw.com. 2018-01-16. Retrieved 2018-03-12.
/ref> to be launched later in 2018(3). BAR Technologies, founded by gold medal-winning Olympian

Ben Ainslie Sir Charles Benedict Ainslie (born 5 February 1977) is a British competitive sailor. Ainslie is the most successful sailor in Olympic history. He won medals at five consecutive Olympics from 1996 onwards, including gold at the four consecutiv ...

, is a team of naval architects and engineers formed to use the skills and experience built up by the British yacht racing team,

Land Rover BAR INEOS Britannia is a British sailing team that is the challenger of record for the 37th America's Cup. The team was established in 2012 with the ambition of winning the America's Cup for Great Britain and to 'bring the cup home' to the Un ...

. The new yacht is fully carbon fibre“Princess teams up with BAR Technologies for first carbon yacht”. Boatinternational.com. 2018-01-17. Retrieved 2018-03-12.
/ref> and features Princess’ Active Foil System, resulting in Princess’ fastest yacht to date. Princess also collaborated with Italian design house,

Pininfarina Pininfarina S.p.A. (short for Carrozzeria Pininfarina) is an Italian car design firm and coachbuilder, with headquarters in Cambiano, Turin, Italy. The company was founded by Battista "Pinin" Farina in 1930. On 14 December 2015, the Indian ...

to create the R Class' carbon-fibre monocoque hull, enhancing the boat's aerodynamics. During its development stage, the R Class has been covered in dazzle camouflage to confuse the eye and help conceal its design from competitors. The

camouflage Camouflage is the use of any combination of materials, coloration, or illumination for concealment, either by making animals or objects hard to see, or by disguising them as something else. Examples include the leopard's spotted coat, the b ...

was created by Katie Sheppard, a student at the

Plymouth College of Art Arts University Plymouth is an independent university-sector Higher Education (HE) provider located in Plymouth in South West England. The former Plymouth College of Art was officially granted university status in 2022. In April 2019 the s ...

, who won a competition to design the pattern.

References

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External links

{{Commons category-inline British companies established in 1965 Companies based in Plymouth, Devon British boat builders Yacht building companies LVMH brands