Ferretti Group expands in Georgia with Caucasus Yachts.

Ferretti Group signed a dealership agreement that concerns the Caucasus region and ensures exclusive marketing rights for the brands of Ferretti Yachts, Pershing, Itama, Riva and Custom Line.

Forlì (Italy), 16th of June, 2016 - Ferretti Group aims towards the continuous expansion and development of strategically important foreign markets through entering the region of the Caucasus thanks to the agreement signed with Caucasus Yachts, part of Euro Marina Group that is a pioneer in the yachting industry in this geographic area. The dealership covers the Georgian territory and offers exclusive distribution rights to sell Ferretti Yachts, Pershing, Itama, Riva and Custom Line branded vessels.

Caucasus Yachts headquartered in Tbilisi, Georgia, is part of Euro Marine Group, a division of UGT Group. UGT Group has a pivotal role in the business community of Georgia being one of the most important holding companies not only in the country but in the region, too.

Moreover, Caucasus Yachts is the only organization specialized in the distribution of yachts in Georgia. It enjoys the support of Euro Marine Group that offers its crew and vessel management services, refit services, and fractional ownership options to clients worldwide.

This agreement is in line with Ferretti Group’s strategy to strengthen commercial expansion on a global scale. Indeed, this cooperation will allow the Group to further grow its selected distribution network, which counts around 60 international dealers worldwide that guarantee their customers the highest level of support in over 80 countries.

The dealership agreement will be officially presented to the press on the 16th of June in Tbilisi, at the Marriott Hotel followed by a private event that evening at the Funicular Lounge Bar, an exceptional club that is part of one of the most prestigious entertainment complexes of the country’s capital. At the encounter the Group will be represented by Mr. Stefano de Vivo, Chief Commercial Officer of Ferretti Group, while the representatives of Caucasus Yachts and UGT are Mr. George Chirakadze, President of UGT Group, Mr. Craig Bonnett, Executive Director of Caucasus Yachts and Ms. Inga Kupatadze, Managing Director of Caucasus Yachts.

“We are glad to expand in Eastern Europe and in particular in Georgia, a country that holds a peculiar importance in an area characterized by fast economic growth, commented Mr. Stefano de Vivo.
“The excellence of our yachts will be certainly appreciated in a country like Georgia that is accustomed to beauty. We highly appreciate the possibility of working with a group like Caucasus Yachts that is part of Euro Marine and UGT Group, companies with a strong economic position in this country. Through the agreement with the most important player in this market, Ferretti Group will be able to build close relationship with the ship owners of this market.”