Sanlorenzo looks to buy Perini Navi

Here is an example of how to a make a small fortune in the yachting industry: start with a big fortune.

The Tabacchi family bought control of respected Italian builder of mega sailing yachts Perini Navi, and injected 40 million euros to keep it going.

Now it is on the brink of bankruptcy, unless another Italian yacht maker San Lorenzo takes control, conditioned on the Tabacchi family injecting millions more in capital.

I heard from someone connected to Perini Navi that the Tabacchi family were far from excellent stewards of the company.

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