Wally, the mythical brand of yachts soon to be under the Sino-Italian flag?

Wally Esense, 43.7 m sailboat built in 2006

The luxury yacht and motoryacht brand Wally may soon change ownership. A heavyweight of the Italian nautical industry, with Chinese capital, is on the ranks according to the transalpine press.

The Ferretti group wants to acquire the Wally brand by 2019

Ferretti, one of the leading groups in the Italian boating industry, is negotiating to acquire Wally, one of the most prestigious brands in modern yachting. The transalpine daily Il Corriere della Sera reports in its economic section of 28 August 2018 the words of Alberto Galassi, Managing Director of the Ferretti group. "I hope I get Wally. We've been negotiating for months. We believe in it because it is an extraordinary brand, in synergy with the other Ferretti group brands, but it is a very complicated operation. The agreement could be reached by early next year if the terms of the deal are fulfilled."

First yachts for the Ferretti group

The acquisition of Wally would open the Ferretti group to a new market: the luxury yacht. Taken over in 2012 by the Chinese capital of the Weichai Group, also owner of the Baudoin marine engines, the company is already at the head of brands with well-known names in the motoryacht market, such as Riva, Pershing, Itama, Mochi Craft, CRN and Custom Line. However, it is absent from the sailing sector. The operation, estimated between 25 and 30 M € according to Corriere della Sera sources, would allow Ferretti to differentiate itself and distinguish itself from its rival on the motoryacht market, Azimut Benetti.

Search for a shipyard

Founded by Luca Bassani in 1994, Wally has revolutionized great yachting with innovative designs. If the brand has always existed since, the industrial model has varied over time. After the failure of the internal construction in Italy then in Tunisia, Wally stopped producing its own sailboats, realized by various service providers according to the orders. Alberto Galassi explains in the Italian press that he is looking for a website dedicated to maxi-yachts.

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