One of the world’s most prestigious boat brands has changed hands. Oyster Marine, founded by Richard Matthews 35 years ago, has been bought by private equity firm Balmoral Capital. The company already owns the Italian luxury motoryacht builder Canados. Oyster Marine builds a range of luxury yachts from 45 to 125 feet, and its revenues amount to more than $100 million a year. Matthews will remain as chairman and the existing management team will stay on.
Ask Sail: Are Self-trackers Worth It?
Q: I’m seeing more and more self-tacking jibs out on the water (and in the pages of SAIL) these days. I can’t help thinking these boats are all hopelessly underpowered, especially off the wind, when compared to boats with even slightly overlapping headsails. But I could be ...read more