from Italian newspaper "La Repubblica", 23sept2007; page 53 80% OF MAGNUM MARINE IS TO BE ACQUIRED BY SIX ITALIAN MANAGERS It is the Aston Martin of the seas, founded by legendary Don Aronow Milan – Katrin Theodoli, Chairman of Magnum Marine, historical brand of the American luxury yachting, has decided to sell. The Aston Martin’s of the sea, the fast, high performance boats that appear in the first series of Miami Vice, are namely about to be taken over by a group of six Italian managers working in the boating sector, lead by the Anglo-Italian entrepreneur Christian Tirabassi, with the assistance of a financial partner outside the sector. Their objective: to re-launch the Miami-based shipyard, famous all over the world for its elegant and fast boats (some models travel faster that 60 knots), by revitalizing the relationship with the most famous designers in the world (the group had a partnership with Pininfarina for several years) and significantly increasing the production up to 15 boats in 2008. The operation, which has now been completely defined in the economic terms, must only be finalized. The agreed price for 80% of the company is of 20 million dollars, to be added to further 5 or 6 million for restructuring the Miami based shipyard and for marketing and communication activities. Katrin Theodoli will keep 20% of the company, as well as a key role in the relationship with the big customers and representing the brand both in the United States and in the rest of the world. Her son Giovanni Theodoli will keep on working in the company within the new managerial team. The acquisition, carried out by Mr Tirabassi and the five managers currently working inside the top level yachting industry, on one side values the whole company at 25 million dollars, about twice as much as the previous offers. On the other side it lays stress on the deep restructuring of the productive side of the company, in order to be able to keep the brand alive and meet to the market demand.

said paul1002 2007.09.25 at 03:16:05 PDT

Wow what a nice shot., you mind sharing that on splashvision.com. I go there a lot and I am sure the guys over there would really enjoy this one.

said dolphinos49 2007.09.19 at 03:43:31 PDT

HOW MUCH I'LL TAKE TWO ONE FOR ME AND ONE FOR MY BUDDY EDDIE

said Chey00769 2007.03.08 at 22:37:42 PST

When are you going to upload your pics to the Adult Dating Network

said mitchzanalo46xxx 2006.07.28 at 00:24:16 PDT