With the delivery of the first Admiral Panorama 50, The Italian Sea Group launches a new semi-custom line set to make its official debut at the 2026 Monaco Yacht Show. The project combines a steel-and-aluminium platform with design solutions focused on onboard liveability and customization
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One hundred and fifty thousand square metres of shipyard facilities—around 120,000 sqm in Marina di Carrara and the remainder at Picchiotti in La Spezia—more than 2,000 people including direct employees and subcontractors, and one date circled in red: 20 July. That is when the The Italian Sea Group dispute moves from the Florence Court to the Tuscany Region's Crisis Unit, where trade unions, the company and public institutions will attempt to shape the next chapter of a crisis affecting the entire yachting district of Massa-Carrara
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The Italian Sea Group has announced that the Florence Court has confirmed the protective measures for a period of four months and has provisionally granted the precautionary measures requested by the company. Among the immediate effects are the suspension of owners’ rights to terminate existing contracts and the possibility of evaluating a capital increase of up to €100 million
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The composition with creditors procedure has entered a decisive phase. The Florence Court has granted the company 60 days to submit its restructuring plan to creditors, while the company’s reorganisation is taking shape with the appointment of judicial commissioners, the introduction of extraordinary wage support measures and the prospect of a complete renewal of its governance
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The restructuring process of The Italian Sea Group is taking shape. The Court of Florence has initiated the proceedings under Article 44 of the Italian Crisis and Insolvency Code, appointing the judicial commissioners and acknowledging that the restructuring project submitted by the company is geared towards ensuring business continuity
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