Word: ferretti
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...past five years have grown 10% to 15% and show no signs of tanking, thanks to increasing numbers of wealthy buyers from developing countries. In the fiscal year ending September 2007, Sunseeker's sales jumped 18.5%, to $473 million. And other yachtmakers are enjoying similar returns. Italy's Ferretti, for example, saw its production value jump 21% last year, to $1.37 billion...
...climbing by building bigger instead. Rapid growth in Asia, the Middle East and Eastern Europe, particularly Russia, is taking up the slack in the U.S. and Western Europe, where sales are softer. "An explosion in the client base" of high-net-worth individuals is generating sales, says Vincenzo Cannatelli, Ferretti's CEO. These aren't people who flinch at high fuel costs. "Many of our customers are making money from the price of oil," Cannatelli says, chuckling...
There are about 85,000 people worldwide with liquid assets of $25 million or more, and their numbers are increasing. Sunseeker's dealers in Dubai "will take anything we can give them," Braithwaite says. Four years ago, Ferretti's Russian market was practically nonexistent. Last year sales there hit $147 million. Rich Russians are following the lead of homegrown multibillionaire Roman Abramovich. He owns three yachts, including the 377-ft. (115 m) Pelorus, and reportedly has a fourth under construction in Germany--the aptly named Eclipse, which at 509 ft. (155 m) would be the world's biggest privately owned...
Natural Instincts Clockwise from top: Alberta Ferretti wedge, $1,025 net-a-porter.com) Sergio Rossi wooden-bead and python sandal, $1,060 sergiorossi.com) Roberto Cavalli platform wedge, price on request robertocavalli.com) Elie Tahari Eden wedge, $325 elietahari.com) Bottega Veneta python sandal, $1,370 bottegaveneta.com...
Though foreign-language talent gets short shrift from American studios and movie theaters, they are often honored with Oscars. Italians won for Original Score (Dario Marianelli, Atonement) and Art Direction (Dante Ferretti and Francesca Lo Schiavo, Sweeney Todd); two Frenchmen won for Makeup (Didier Lavergne, La Vie en Rose) and Live Action Short (Philippe Pollet-Villard, the director, writer and star of The Mozart of Pickpockets.) But one reason the Academy often gives Oscars to foreigners is that they seem really to want one. "Thank you, life, thank you, love," Cotillard exclaimed, as effusive as Sally Field or Halle Berry...