Former Riviera CEO starts motoryacht venture

Author:
Updated:
Original:

Wes Moxey is back at the helm of a multimillion-dollar boatbuilding venture, but he is not planning to go head-to-head with Riviera, the company he left two years ago.

Moxey, who resigned as CEO of Riviera in 2008, has teamed with Sydney dealer and former Riviera retail manager Lee Dillon to launch Belize Motoryachts, which will feature retro-style vessels, the website Goldcoast.com reports.

The yachts were designed in Australia and will be built in Taiwan, where Moxey said tooling for the range was advanced. Dillon will handle distribution from his new business, Luxury Design Motoryachts, in Sydney. Moxey will handle pre-delivery and customization.

Belize is targeting nine boat sales in its first year, growing to about 50 a year during the next five years across four models, the smallest of which is a 50-footer, according to the report.

Moxey said the United States and Europe, in particular, would drive international sales.

Click here for the full article.

Related

Quick Hits: March 3, 2021

RBFF’s Take Me Fishing campaign offers embeddable fishing and boating map

MAN Achieves Emissions Certifications

The engine manufacturer, which also announced an extension of its supply partnership with the Ferretti Group, now meets major emissions standards worldwide.

In-Person Palm Beach Show Approved

The city of West Palm Beach OK’d the permit for the four-day show, which opens March 25 with a host of safety precautions.

Distributor Expands ePropulsion Sales Territory

Mack Boring will now offer ePropulsion’s electric outboards in the entire North American and Central American markets.

Registration Still Open for NMMA Webinar

The March 4 State of the Industry webinar includes the presentation of the Marine Industry Customer Satisfaction Index Awards and the Alan J. Freedman Award.

Rollick Secures $8.5 million in Funding

The market strategists said Web traffic in the third quarter of 2020 was up 245 percent on a year-over-year basis.

Time to Cry Foul Over Erie Canal Changes

An act has been introduced in the waning days of New York’s annual budget process that allows no opportunity for public input.