We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Not waving but drowning

2 March 2009 By Rachel Sanderson

Candover has written off as worthless its £225m stake in Italian yacht maker Ferretti. It wasn’t alone in gambling, wrongly, on the immunity of the superrich to a downturn. Private equity may one day make a comeback. But luxury business won t be on the shopping list.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)