Harrods Selling Superyachts in Its Store—Seriously

PHOTO: COURTESY HARRODS

Here’s a relationship that gives a whole new meaning to window shopping.

London’s most famous department store, Harrods, is showcasing models, images, and information on a handful of megayachts in its window displays this month. It’s not a publicity stunt by a fashion designer, it’s a true sales showcase created in conjunction with Watkins Superyachts, the London-based brokerage house and management firm. Furthermore, Watkins Superyachts has a specially dedicated area inside the store, staffed by its personnel during the promotion.

The yachts offered for sale include the Kestrel 106, a 32.4-meter (106-foot) ketch by Ron Holland Design nearing completion at Aganlar Boatyard in Turkey. She’s the first of a series aimed at providing fast performance with comforts like raised relaxation and dining areas for 10 within the deck saloon. Asking price: €7.5 million (about $10.7 million). Then there’s the 90-meter (295-foot) Fincantieri Project Mars (below), from the drawing boards of H2 Yacht Design. Bearing beautiful curves among her six decks, she has an asking price of more than £100 million ($163 million).

These two megayachts are accompanied by models of the Heesen 65-Meter Fast Displacement yacht and the 73.55-meter (242-foot) Nobiskrug Mogambo. The Heesen project, whose keel was laid in February, will be 30-percent more efficient than a same-size yacht with a round-bilge hull form. She’ll also feature interior design by Bannenberg & Rowell. Mogambo, expected for completion next year, is a sistership to Siren and has interior design by Reymond Langton Design.

So what would bring two disparate companies like Harrods and Watkins Superyachts together like this? Guy Cheston, the director of advertising sales and sponsorship for Harrods, doesn’t think it’s all that odd. “Harrods continuously aims to provide its customers with new and exclusive products, and with this spectacular range of boats now available to purchase in store, we have surpassed all expectations.” It’s worth noting that if the Fincantieri project sells through this promotion, she’ll be the most expensive item Harrods has ever sold. Cheston adds that there’s been “significant interest” in the overall showcase.

As for Watkins Superyachts, its principals say location is key. Capt. Adrian McCourt, the firm’s managing director, explains, “We wanted to create a virtual Monaco at Harrods. There are many potential charterers and purchasers who may not wish to travel to established yacht shows but would rather meet with our expert team to discuss potential options without jargon or hard selling.”

It’s not the first time that Harrods and Watkins Superyachts have partnered. A service called Air Harrods was launched a few years ago, as a luxury-travel benefit. It allows the yacht-management company’s clientele to have everything from helicopter to limousine service to and from their boats. Harrods personnel provide the concierge services that the store is famous for as well as the ones that Watkins’ clients would naturally expect.

Fraser Yachts Creates Diamond Collection for Charter Yachts

PHOTO: JOE SKIPPER/REUTERS

When weighing what makes one megayacht for charter worth booking versus another, consider this: “It’s not about serving the perfect Cosmopolitan, it’s about how you serve it.”

Truer words couldn’t have been spoken. The statement comes from Patrick Coote, marketing director for Fraser Yachts. While it’s a good general statement about yacht charter, Coote is specifically referring to Fraser Yachts’ new Diamond Collection. The division is showcasing superyachts that are serious about charter and are certified by an independent party to offer a superb level of service.

Coote says that the Diamond Collection is a reaction to two major developments over the past 18 months to two years. First, a number of yachts entered the charter market but didn’t stand out in his or his colleagues’ minds in terms of service. Given that the crew and service standards amount to 90 percent of the attraction, he adds, this troubled them. Second, many yachts began discounting their weekly base rates as the recession deepened, to make bookings more attractive. “Rather than slash the rates, we decided to stand our ground and state that you will get absolutely a better experience aboard our yachts,” he says.

To be a part of the Diamond Collection, a yacht needs to meet a few key criteria. She must be available most of the high season, and “appropriately priced,” Coote says. (He explains that some yachts quote quite high rates because the owner actually isn’t all that interested in charter.) Furthermore, the yacht needs to have a high level of interior fit-out and accommodations that meet the needs of today’s charter clients. Last, but most important, the service level needs to be outstanding.

To ensure the latter, the yacht is audited by Triple S Consultancy, which specializes in personalized training and concierge services. Training covers things like bartending and butler service, but also communicating with fellow crewmembers, working as a team, and customer service. Triple S Consultancy was chosen because its founder, Peter Vogel, has extensive experience in the hospitality business, including aboard megayachts. In fact, among other things, he oversaw the Vulkan Maritime fleet—a.k.a. Octopus, Tatoosh, and Méduse.

Specifically, Triple S Consultancy will evaluate what needs to be done, if anything, to raise the level of service. This ties in to the quote above from Coote. Making a great drink is fine, but the crew needs to know how to interact with guests—if they even want much interaction during their time onboard. Once service needs are identified, Triple S Consultancy will hold a two-day training session on the yacht with the crew.

Rather than this be the end, “that’s where it begins,” Coote says. There’s a full feedback system in place, with information coming from the booking broker, the charter client, and even the crewmembers themselves. This occurs after each trip and after the end of the season. The idea is to obtain information on what worked well and what can be improved.

So far, Coote says, Fraser Yachts has approached 10 yachts in its fleet to participate in the Diamond Collection. “We’re very confident they’ll meet the criteria,” Coote adds, and officially be part of the division within the next few weeks. He’s also confident that the crew will benefit from the experience. “There’s certainly an element of pride the crew can take away from it,” he explains. Plus, the program shows that the owner and the captain are “investing in their people.”

Bottom line: “Good crew are people who want to continuously learn,” Coote says.

Introducing the Megayacht News Leadership Series

“Be militant! Be an organization that is going to do things! If you can find older men who will give you countenance and acceptable leadership, follow them; but if you cannot, organize separately and dispense with them. There are only two sorts of men to be associated with when something is to be done: Those are young men and men who never grow old.”

So said U.S. President Woodrow Wilson, way back in 1914. His goal of encouraging youth to strive for success and growth rings true even today, and even in the superyacht business. Indeed: Whether it’s a longtime part of their business philosophy or was spurred on by the recession, there are shipyards, designers, brokers, and others taking bold initiatives and investigating new ways to differentiate and grow their businesses.

Which is why Megayacht News has created the Megayacht News Leadership Series. Every two weeks, we’ll spotlight a company or person taking business in new directions. In a question-and-answer format, the articles will help you better understand what they’re doing and what sets them apart.

The first Megayacht News Leadership Series spotlight is featured below.