The new Hunter dealer? Is this in addition to Angus Yachts or their replacement?
From the Toronto Star...
Angus Yachts, which merged in June with Clift's Marine, Canada's largest yacht brokerage, quietly closed its doors on Dec. 1 after 36 years.
The company had offices in Mississauga, Orillia and Penetanguishene and employed 55 people. In 2005, Angus sold more Hunter sailboats than any other dealer in the world.
In 2006, they started selling powerboats. Last year, they were the largest dealers of Cruisers Yachts in the world. They were about to launch the Prestige line from France.
"We had huge growth, doubling every year from '03 to '07," says Alan Adelkind, former vice-president of Angus Yachts.
"We were touted all through North America as the darlings of the boat business. We turned down one brand a month."
But by autumn, says Adelkind, it was no longer smooth sailing. Instead, it was "the perfect storm," he says, citing the high Canadian dollar that made boat purchases in the U.S. a bargain, comparison shopping on the Internet, the company's investment in expanded staff and costly service software programs, a swollen inventory of "big huge powerboats," and consumer pessimism about the economy.
Mainly, he explains, "We grew too fast. We were spending huge dollars but not taking in enough to keep the thing going"...
...Even Adelkind, who watched his own Angus Yachts sink out of sight last month, is cautiously optimistic.
He's opening a new boat brokerage business, Yacht Pro, and will be at the boat show, "showing my face, handing out cards."...