![]() “We have to protect the margin,” Hadida says. His plan to steer the company out of the red involves a two-pronged approach: Build the boats more efficiently, and eliminate discounts on boat sales. Bringing the hull construction in-house required a big investment of capital, but it also means the company will have the capacity to increase production. For example, Oyster used to buy hulls from another company that also went under, so he bought that business as well. Though his three-year turnaround plan is on track, the details got more complicated than anticipated. “The business will be very healthy if that happens,” he says. 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 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. 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. Richard Hadida's plan involves a two-pronged approach: Build the boats more efficiently, and eliminate discounts on boat sales. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |