by Dom Wiseman

Through an exclusive license agreement of the Wally brand, the Ferretti Group has further enhanced its range, which must now be the widest and most innovative of the entire Italian nautical industry. The license agreement represents a fundamental step in the brand acquisition process and allows the Group to work immediately on the further development of the Wally brand.

Over the four-year period 2019-2022 Ferretti Group will invest over 84 million euros, with a massive injection of 70 million euros in the first two years, in the development of the brand and in the design and construction of new product ranges. The new Wally models will be built at the Ferretti Group shipyards, in particular the Super Yacht Yard in Ancona will be the base plant for Wally’s largest yachts.

Ferretti Group have just presented the first project of the new-era, the 48 Wallytender. It is sure to be one of the most anticipated premières at the Cannes Yachting Festival in September 2019.

Alberto Galassi, CEO of Ferretti Group, said:

“There has long been a mutual fascination between us and Wally and from today we will continue to develop this extraordinary brand with method, vision and investments. And with the same energy and creativity that have lead Ferretti Group the top of the yachting world. As yachting enthusiast, I’m looking forward to discover the boats that will come from the exclusive collaboration with Luca Bassani. It is easy to foresee that they will push the frontiers of innovation and aesthetic avant-garde to new echelon.”

Luca Bassani, founder of Wally, commented:

“The market today requires significant investments to develop new products and new markets. Ferretti Group has great industrial, organizational and commercial capabilities and will be able to boost Wally. I will continue my design and development activity on an exclusive basis, ensuring the continuity of Wally’s DNA. All the years and the effort to build the brand will have a continuation. I could not wish anything better for Wally’s life.”