PARIS – LVMH Moet Hennessy Louis Vuitton is sailing into new luxury waters, acquiring a Dutch maker of custom mega yachts.
The French luxury giant said it would acquire Royal van Lent from Egeria, an investment firm based in the Netherlands.
A designer and builder of yachts over 160-feet in length, sold under the Feadship brand, Van Lent has posted annual sales growth of more than 20 percent, LVMH said.

For complete coverage, see Tuesdays WWD.