Ferretti, the Italian yacht manufacturer, plans to acquire a company or asset this year. The Chief Executive did not specify whether it would be a brand name, a yard, or something else.

He bought the Jaguars for $770m in 2012. He also owns Premier League team Fulham. The yacht has nine cabins, and can accommodate up to 12 guests. This does not include the captain or 36 crew members.

Windstar Cruises’ Wind Surf has completed the first stage of its refurbishment, enhancing luxury with new design elements, ...