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Riviera Australia

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Riviera Australia
Company typePrivately held company
IndustryBoat Builders / Manufacturing
FoundersBill Barry-Cotter
Headquarters
Area served
Worldwide
Products
    • Motor Yacht: 78;
    • Sport Yacht Platinum Edition Collection: 6800, 6000, 5400, 4600;
    • SUV Collection: 645, 585, 505, 465, 445, 395;
    • Sport Motor Yacht Collection: 72, 68, 64, 58, 50, 46;
    • Belize Collection: 66 Sedan, 66 Daybridge, 54 Sedan, 54 Daybridge
OwnerRodney 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

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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

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  1. ^ "Luxury boat builder Riviera stays afloat". The Sydney Morning Herald. 2009-07-07. Retrieved 2022-09-06.
  2. ^ "Riviera restructuring plan weeks away: receiver". ABC News. 2009-05-11. Retrieved 2022-09-06.
  3. ^ "Riviera sold to Longhurst Marine Holdings". www.boatsales.com.au. Retrieved 2022-09-06.
  4. ^ 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.
  5. ^ Marx, Anthony (March 9, 2012). "Boat builder sees clear sailing ahead". The Courier Mail. p. 1. Retrieved May 2, 2022.
  6. ^ Nichols, Nick (May 17, 2016). "Number Not the End Game for Riviera Boss". Business News Australia. p. 1. Retrieved May 4, 2022.
  7. ^ "The dream that drives Riviera". We Are Gold Coast. Retrieved 2022-09-06.
  8. ^ 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.
  9. ^ 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.