Ferretti Group continues to grow internationally by opening a new promotion and representative office in Palma de Mallorca

Forlì, July 3rd 2014 – Ferretti Group, a world leader in the design, construction and sale of luxury motor yachts, with a unique portfolio of some of the most exclusive and prestigious brands worldwide, announces the opening of a new promotion and representative office in Palma de Mallorca, in Spain, once more confirming its international growth strategy, aiming to increase its brands' visibility on the most important markets all over the world.

Based in the capital of the largest Balearic island, the new office will have the goal of promoting the Group’s brands in the Iberian peninsula with the aim to support the local sales network and will also sustain Ferretti Group's business growth among customers from countries like the Russian Federation, Great Britain, Germany, Ukraine, Saudi Arabia, and Scandinavia, for whom Spain, and particularly the Balearic islands, are one of the main destination markets.

The new office in Palma de Mallorca will further strengthen the Group’s already impressive presence abroad, where the Group has been growing since the 1990s and is already effectively represented by its subsidiaries Ferretti Group America and Ferretti Group Asia Pacific, the promotion and representative offices in Shanghai and Qingdao, numerous showrooms all over the world, and its widespread international network of approximately 60 dealers, ensuring that Ferretti Group is now present in more than 80 countries.

The new office in Palma de Mallorca will be officially opened on 5th July, with a cocktail party attended by various Group dealers and key partners. During the ceremony, all guests will also have the opportunity to enjoy the beauty of some of the Group’s jewels, including Ferretti Yachts 690 and Custom Line 100’ representing the Ferretti brand, Pershing 64’, Dolphin 64’ for the Mochi Craft brand, SportRiva 56’ of the Riva brand and Itama Fiftyfive.

“The opening of this new promotion and representative office is part of a wider programme aimed at further increasing our presence at an international level, with the objective of being even more extensively and effectively represented on the main world markets, as well as strengthening the Group's management structure” - commented Mr Alberto Galassi, Ferretti Group's CEO. “Following the opening of the offices in Shanghai and Qingdao and of the numerous showrooms in various countries, this new office confirms our leadership on the Spanish market too, and will offer a vital contribution at a very important stage of our Company's growth in an area that is truly strategic also in relation to Northern European countries and the Middle East".