Word: buyer
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...welders to its staff of 250. The yard's most celebrated product is the notorious Monkey Business, which helped drive Gary Hart's presidential campaign onto the rocks. Broward's most popular boat, however, is an 80-ft. starter, or "yuppie special," that sells for $2 million. The typical buyer is a fast tracker between 35 and 40 who yens for something more than an "off the peg" Hatteras 61-footer. "I just got a personal check in the mail for $1.3 million," says Ken Denison, vice president for new boat sales and construction. "The guy said it would...
Designers who favor aluminum hulls maintain they last indefinitely, hold three times as much fuel as fiber glass-hulled boats and are 15% faster. The American buyer wants a boat that looks "like it's going 20 knots when it's sitting at the dock," explains Denison. Perhaps the most stunning example is the Bannenberg-designed, 110-ft. Never Say Never, owned by Gary Blonder, a flamboyant entrepreneur who made his fortune in used auto parts. This rocket ship skims the waves at 34 knots full throttle (about 39 m.p.h.) and was used as a setting on Miami Vice...
...sewing- pattern company. "We emphasized quality, cost containment and cash flow, and we made money," says Lewis. Indeed, McCall's earnings more than doubled last year, to $4.9 million. In July Lewis dazzled the financial community by selling McCall to the John Crowther Group, a British textilemaker. The buyer paid $63 million and agreed to assume $32 million in debts owed by McCall. For TLC, the deal meant a phenomenal 80-to-1 return on its initial $1 million investment...
...given the Ruritanian honorific of "Ambassador-at-Large for Cultural Affairs" -- as though culture, to an Administration that spends virtually as much on military bands as on the National Endowment for the Arts, were a foreign state. Ambassador Terra, as he likes to be called, is an enthusiastic buyer of 18th, 19th and early 20th century American...
...symbolically significant retrenchment took place last month, when Westinghouse Electric sold off part of its money-losing Unimation robotics division. The buyer: Prab Robots, a small Michigan-based manufacturer of industrial robots and conveyor machines. Westinghouse's 1983 purchase of Unimation for $107 million marked Big Business's arrival in robotics; IBM, Bendix and General Electric soon followed. Unimation, founded in 1959, was a robotics pioneer. Its first product was an $18,000 Unimate machine used by General Motors to load forged dies at a New Jersey auto-assembly plant. As recently as 1981, Unimation made 45% of all robots...