British entrepreneur and founder of Evolution Gaming Group Richard Hadida becomes new owner and CEO of Oyster.
The new team will prioritise rapidly re-building teams and operations along with WRS Tech, the completion of in-build projects on behalf of Oyster customers, before re-establishing Oyster as the pre-eminent name in luxury yacht building.
The successful sale of Oyster to its new owner provides a significant boost to the UK yacht building industry and it is hoped will result in securing the future over 400 highly skilled jobs in Southampton and Wroxham.
Oyster Yachts are considered the very peak in yacht manufacturing and design. The “Bentley of the Seas” continues to push the boundaries of innovation and high end design, providing its customers with the very best in yacht design and above all, an absolute commitment to customer service, with a unique end to end customer experience.
The new ownership enables the business to complete work on on-going projects on behalf of its customers, which had been paused during the administration process. It also means Oyster can deliver on hugely exciting new projects. This includes the new Oyster 118 – its flagship new yacht that is expected to be launched later this year.
Prior to administration the Group operated with 420 employees, primarily across its two main manufacturing sites in Southampton and Wroxham. A key immediate task, for the new owner and management team is to re-build that highly skilled workforce and deliver on the projects on behalf of waiting customers.
Primary Source: Oyster Press Release