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Quick Hits: June 9, 2020

UK-based Fairline Yachts will cut 240 jobs at its Oundle factory, according to the Northamptonshire Telegraph. Fairline Yachts COO Peter McNulty blamed the layoffs on the impact of the coronavirus, and said government’s “lengthy quarantine” rules created hurdles for customers coming to see new boats from other countries. The company already has 302 of its current 455-person workforce on furlough; the job cuts go into effect late July, when the furlough ends.

Siren Marine has made two key leadership promotions to help shape its future growth. Jeffrey Poole, who has been with the company since 2018 as business development director, has been named COO; Paul Fournier, who has managed Siren’s finance and accounting for about a year, will serve as CFO. “They both have helped get us to where we are today, and for this we are grateful,” said Siren Marine founder and CEO Daniel Harper in a statement. “Even more importantly, they are the right people to help us achieve the big plans we have for the future.” 

The Yacht Brokers Association of America is holding a Virtual YBAA University event on July 14-15. The group shifted 2020’s format from a daylong, in-person event, to holding 90-minute sessions two days in a row. Renowned sailor Gary Jobson will be keynote speaker on both days. Click here to learn more.


TPG Adds to Marine Portfolio

The hospitality and marina management firm acquired Conanicut Marina and Taylor Point Boat Yard in Jamestown, R.I.

Trade Only Today Returns Jan. 18

The daily e-newsletter will not publish Monday, Jan. 17, in observation of Martin Luther King Jr. Day. We wish everyone a happy and safe holiday weekend.

ECONOMY REPORT: Omnipresent Omicron

The year closed with an uptick in consumer confidence, but the latest coronavirus variant threatens to derail progress

Mixed Reactions

Though generally positive about market conditions, many dealers report they won’t be attending boat shows.

Sportsman Boats Hires CFO

Greg House was previously chief financial officer with Sea Star Solutions and Dometic.

NMMA Reports Strong Boat Sales in 2021

Annual new powerboat sales are expected to exceed 300,000 units for the second consecutive year.

Lowrance Releases Software Update

The software release enables a new sonar feature and autopilot compatibility for Ghost trolling motors and Ghost-compatible MFDs.

Keeping the Sales Team Motivated and Sharp

Here are some strategies from the “Undisputed King of Motivation,” Zig Ziglar, for sales success before, during and after the transaction.

Retired CG Officer Joins Commonwealth PR

Chad Saylor, who served as a public affairs officer, is an account executive with the Virginia-based public relations and marketing firm.