Princess Returns to Full Strength in Norway

Post by: TheYachtMarket News
21 March 2011

Princess logo

Princess Yachts International plc have been working tirelessly in Norway to protect both Princess Owners and the Company’s strong reputation since the announcement in January that its local Distributor, the Johs Lunde Marine Group, had been placed into administration.

Princess Yachts are delighted to announce the return of the previous core management team; headed by Arne Hovik, Olav Stølsli and Eva Narverud, who will return to manage the Distribution of Princess Yachts in Norway, Denmark and Western Sweden with immediate effect. Returning Chief Executive of the ‘new’ company, trading as Princess Norway, Arne Hovik said, “It is exciting to be back working with such a great brand in Princess and with all the wonderful boat owners, many of whom I have known personally for years. The rate of product development at Princess during my time away is truly staggering and I am thrilled to be working with them once again as well as benefitting from all the advantages of a modern and world-class model range.”

Princess Yachts are pleased to confirm that, with the support of Arne and his team, all boats on forward order will be delivered without loss of any forward payments, and all existing new boat warranties will be fully respected. Managing Director of Princess Yachts International, Chris Gates said, “It has been a difficult time for all concerned over the last few weeks, especially for our customers. Our focus throughout has been to protect our current and future Princess owners, especially those who have placed stage payments towards their new Princess yacht. We are extremely pleased with the outcome and I believe it demonstrates once again our commitment to our loyal owners in the region.”

More information and contact details regarding Princess Norway will follow.

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