How the CEO of Oyster Yachts Plans to Rescue the Sinking Luxury Boat Builder

Just 18 months after taking the helm of a flailing sailing-yacht company, its new owner has not only met every benchmark toward getting it back in the black; he’s launched the first of a whole new line of boats in the brand’s portfolio. The new 565 range, plus increased annual production and two new classes of yacht, should help to fully right the ship, says rescuer-in-chief Richard Hadida.

In the past, Oyster Yachts built a mere 15 boats a year, and Hadida, who made his fortune in casino gaming software, is betting on bringing that number up to about 25. “The business will be very healthy if that happens,” he says.

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