Wally and Hermès Part Ways on WHY Project
From its public introduction last September straight through to now, the WHY 58x38 project from Wally has been garnering plenty of attention. The unusual wedge shape and elbowroom-inducing beam are far different than anything else on the water or on the drawing boards. But yesterday, Hermès surprised many by announcing that it’s leaving the joint venture.
The reason: its lack of experience in yacht construction. Patrick Thomas, the company’s CEO, told Reuters that the technical complexity and need for “on-the-spot decisions” were beyond its abilities. “It seemed a good idea to us to have only one decision-maker, and we naturally decided to hand the reins over to Wally,” Thomas was quoted as saying.
Source: Megayacht News
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