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Wednesday, December 24, 2008

How Luxury Executives Are Handing the Financial Crisis

Merry Christmas and Happy New year !

Just a small selection of some interesting articles about yacht, yacht owner, crisis...
  • Harry Macklowe: the real estate mogul is hit hard by the credit crunch; he is also the owner of a 112ft yacht
  • John Devaney, the famous hedge fund manager, was often seen with his 124-foot yacht and Sikorsky helicop but he had to sell his yacht, called Positive Carry...and his chopper.
  • Francesco Trapani, chief executive of Bulgari Group, is cutting back on the fixed costs of his jet-setting lifestyle. The jewelry, luxury-goods and hotel magnate recently sold his 137-foot yacht, the "Christianne B"

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