British luxury yacht builder Princess Yachts manufactures fibreglass yachts ranging from 13 to 40 metres in length. French luxury group LVMH is the parent company of Princess Yachts. The shipyard is headquartered in Plymouth, UK.
History of Princess Yachts
Luxury yacht builder Princess Yachts was founded as Marine Projects (Plymouth) Ltd in 1965, in a region of England known for its seafaring tradition. The first Princess GRP luxury motor yacht, featuring a flybridge, launched in 1974.
In 1995, Princess Yachts formed an alliance with luxury yacht builder Viking Yachts of New Gretna, New Jersey, to market Princess yachts in the U.S. Today, Princess Yachts America (formerly Viking Sport Cruisers) remains a major distributor of Princess Yachts.
Throughout the late 20th century, the size of Princess luxury yacht models continued to grow. In 2001, the luxury yacht builder entered the megayacht market with the launch of the Princess 25 Metre motor yacht. Luxury goods conglomerate LVMH acquired Princess Yachts in 2008.