Established in Plymouth in 1965 as Marine Projects (Plymouth) Ltd, Princess Yachts was bought in 1981 by South African businessman Graham J. Beck. Marine Projects became Princess Yachts International PLC in 2001. In June 2008, Beck sold a 75% stake in the business to French businessman Bernard Arnault’s investment group, L Capital 2 FCPR, a division of LVMH, for 200 million euros/pounds.
Princess Yachts operates in 119 countries and employs over 3,000 people worldwide, whilst their shipyards cover a combined area of over 1.1 million square ft. Situated in a port with maritime ties that date back centuries, Princess’s South Yard, where the M Class superyachts are built, is a former 17th-century naval yard.
The Princess Yachts range is sub-divided into the following class types: M Class super yachts ranging from 99 to 131 ft, X Class “Super Flybridge” yacht at 95 ft, Y Class motor yachts ranging from 80 to 88 ft, F Class flybridge yachts ranging from 47 to 69 ft, V Class sports yachts ranging from 42 to 66 ft, S Class sport bridge yachts ranging from 62 to 80 ft and R Class fully carbon fibre performance sports yacht at 35 ft.