| Company type | Privately held company |
|---|---|
| Industry | Boat Builders / Manufacturing |
| Founders | Bill Barry-Cotter |
| Headquarters | |
Area served | Worldwide |
| Products |
|
| Owner | Rodney Longhurst |
Number of employees | 200+ |
Riviera Australia is an Australian luxury motor yacht builder based on the Gold Coast in the state of Queensland.
History
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
- ^ "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.