EXCLUSIVE: RESCUING RIVIERA – THE INSIDE STORY

EXCLUSIVE: RESCUING RIVIERA – THE INSIDE STORY

IT was a little over two months ago when Rodney Longhurst and Wes Moxey (pictured) walked into the Riviera construction yard at Coomera to announce their takeover of the floundering luxury boat-building company.

The surprise deal remains the hottest talking point within the marine industry as outsiders wait to see whether the two boating mates have righted the sinking ship.

As boating enthusiasts converge on the Gold Coast for the annual Sanctuary Cove Boat Show, the inside story on the events that led to Riviera buyout can finally be revealed.

Gold Coast Business News has gained exclusive details of the nine days of intensive meetings and assessments during which Longhurst and Moxey leveraged their passion for the boat-building industry against the financial risks of lifting the proud but failing Riviera off life support.

The plan hung in the balance several times, and in the end, it was three simple words that put in motion the business deal that secured the future of one of the Gold Coast’s most famous brands.

As the boat show kicks off, the Riviera flag is flying high again with $20 million in new orders and the boat yard thrown open free to the public this week.

Read the intriguing and inspiring Riviera rescue story only in Gold Coast Business News, on sale now.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Four ways businesses can use artificial intelligence to triumph in 2022
Partner Content
The last two years have delivered major disruption to the technology industry and broad...
PROS
Advertisement

Related Stories

Woolworths takes on Wesfarmers in bid for Priceline with $872m offer

Woolworths takes on Wesfarmers in bid for Priceline with $872m offer

Woolworths Group (ASX: WOW) has today thrown its hat in the ring to...

Shopping Centres Australasia launches $750m metro convenience retail JV with GIC

Shopping Centres Australasia launches $750m metro convenience retail JV with GIC

After making its fortunes with suburban malls anchored by blue-chip...

Will Australia follow Europe into a fourth COVID wave?

Will Australia follow Europe into a fourth COVID wave?

Europe is facing a fourth wave of COVID. As we watch on, it is reas...

James Halliday's Junovate teams up with Entertainment Group for direct-to-consumer wine marketplace

James Halliday's Junovate teams up with Entertainment Group for direct-to-consumer wine marketplace

Sydney-based Entertainment Group, a company whose discount coupon b...