Riviera Australia
| Company type | Privately held company |
|---|---|
| Industry | Boat Builders / Manufacturing |
| Founders | Bill Barry-Cotter |
| Headquarters | |
Area served | Worldwide |
| Products |
|
| Owner | Rodney Longhurst |
Number of employees | 950 |
Riviera Australia is an Australian luxury motor yacht builder based on the Gold Coast in the state of Queensland.
History
[edit]Riviera was established in Terrey Hills in 1980 by Bill Barry-Cotter. In 1981, the company relocated to the Gold Coast, Queensland, where the business established its long-term base. Riviera began exporting boats in 1983, with the first shipment made to the US that year. In October 2002, Barry-Cotter sold Riviera to Singapore's GIC Special Investments and Gresham Private Equity.
Riviera was placed into voluntary receivership[1] in May 2009 following the global financial crisis, and the company was restructured.[2]
In 2012, Riviera was purchased by Gold Coast businessman Rodney Longhurst and his private company Longhurst Marine Holdings Pty Ltd.[3] The Longhurst family previously had extensive boatbuilding interests in Sydney.[4] Riviera then underwent a corporate restructure and recapitalisation of the business.[5][6]
Exports currently account for approximately 60 per cent of Riviera's total production output.[7] The US and New Zealand remain Riviera's largest international markets.[8]
The company embarked on the first stage of a $10 million capital works program in 2020.[9]
References
[edit]- ^ "Luxury boat builder Riviera stays afloat". The Sydney Morning Herald. 2009-07-07. Retrieved 2022-09-06.
- ^ "Riviera restructuring plan weeks away: receiver". ABC News. 2009-05-11. Retrieved 2022-09-06.
- ^ "Riviera sold to Longhurst Marine Holdings". www.boatsales.com.au. Retrieved 2022-09-06.
- ^ Allen, Lisa (May 26, 2021). "The Boat Works Looks to Expand as More Luxury Motor Yachts Call Gold Coast Home". The Australian. p. 1. Retrieved April 24, 2022.
- ^ Marx, Anthony (March 9, 2012). "Boat builder sees clear sailing ahead". The Courier Mail. p. 1. Retrieved May 2, 2022.
- ^ Nichols, Nick (May 17, 2016). "Number Not the End Game for Riviera Boss". Business News Australia. p. 1. Retrieved May 4, 2022.
- ^ "The dream that drives Riviera". We Are Gold Coast. Retrieved 2022-09-06.
- ^ Potts, Andrew (September 27, 2021). "Riviera Gold Coast: Massive $20 million luxury shipment to the US". Gold Coast Bulletin. p. 1. Retrieved May 3, 2022.
- ^ Thomson, Alister (August 15, 2020). "Riviera unveils next stage of Coomera production facility expansion on Gold Coast". Gold Coast Bulletin. p. 1. Retrieved April 20, 2022.