Palumbo Superyachts Formalizes Mondomarine Acquisition

The future of the yacht builder Mondomarine is finally set. Following negotiations dating back 11 months, Palumbo Superyachts, the parent for a handful of new-build and refit sites in Europe, has formally brought the brand into its fold. The yacht division of the Palumbo Group, Palumbo Superyachts finalized the deal last week. The Port Authority Continue reading

Mondomarine Auction in June Could Displace Palumbo

On June 13, an Italian bankruptcy court will sell the former Mondomarine construction sheds and equipment at auction. This impacts the existing site leaseholder, Palumbo Superyachts Refit, which has usage rights through June 30. While it reportedly has submitted a bid, it isn’t guaranteed the ownership contract. According to the newspaper Il Secolo XIX, three Continue reading

Palumbo Group Takes Over Mondomarine

Due to an agreement finalized in the last days of 2017, the Palumbo Group is now in charge of operations at fellow Italian megayacht builder Mondomarine. The agreement, approved by an Italian bankruptcy court and labor unions, is just for six months. However, it allows nine Mondomarine employees to return to work as of January Continue reading