LVMH Buys Feadship



Feadship 21



LVMH Moët Hennessy-Louis Vuitton SA, the France-based luxury goods group that recently
acquired UK boatbuilder Princess Yachts, has entered into an exclusive agreement
with Dutch investment group Egeria to acquire the Royal van Lent Shipyard for an
undisclosed sum. The Feadship-branded yard is currently controlled by CEO Dick van
Lent, who will remain as a shareholder and continue in his existing role at the
yard in Kaarg, Holland. Reportedly Feadship has annual sales of about $150 million
US, building five or six boats a year. Its order book is full for the next several
years.