Mega-rich sail away from the pandemic as superyacht sales blow away comparisons

For the mega-rich, it was one of the great challenges of lockdown: how to carry on spending all that money when most leisure pursuits, from expensive holidays to fine dining, were next to impossible.

As coronavirus restrictions slowly end, one of their solutions has become evident: buy a superyacht. Sales for the first quarter of this year rose by 46 per cent compared with the same time last year, according to Boat International.

GYG plc (LON:GYG) is a market leading superyacht painting, supply and maintenance company, offering services throughout the Mediterranean, Northern Europe and the USA. The group primarily trades under Pinmar, Pinmar Yacht Supply and Technocraft brands.

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