Princess Yachts International is a motor yacht

Yacht

A yacht is a recreational boat or ship. The term originated from the Dutch Jacht meaning "hunt". It was originally defined as a light fast sailing vessel used by the Dutch navy to pursue pirates and other transgressors around and into the shallow waters of the Low Countries...

 manufacturer, french majority owned and based in the city of Plymouth

Plymouth

Plymouth is a city and unitary authority area on the coast of Devon, England, about south-west of London. It is built between the mouths of the rivers Plym to the east and Tamar to the west, where they join Plymouth Sound...

, Devon

Devon

Devon is a large county in southwestern England. The county is sometimes referred to as Devonshire, although the term is rarely used inside the county itself as the county has never been officially "shired", it often indicates a traditional or historical context.The county shares borders with...

, England

England

England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...

.

Founded in Plymouth in 1965 as Marine Projects (Plymouth) Ltd, it was bought in 1981 by South Africa

South Africa

The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...

n businessman Graham J. Beck, who sold a 75% stake in the business to French

France

The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

 businessman Bernard Arnault

Bernard Arnault

Bernard Arnault is a French business magnate who is best known as the chairman and CEO of the French conglomerate LVMH. According to Forbes Magazine, Arnault is the world's 4th and Europe's richest person, with a 2011 net worth of US$41 billion.-Education and business career:Arnault was born...

's investment group, L Capital, a division of LVMH

LVMH

LVMH Moët Hennessy • Louis Vuitton S.A., better known as LVMH, is a French multinational luxury goods conglomerate headquartered in Paris, Île-de-France, France. The company was formed after the 1987 merger of fashion house Louis Vuitton with Moët Hennessy, a company formed after the 1971 merger...

 for £200million in June 2008.

Their current model program includes a series of flybridge yachts ranging from 42 to 130 feet and a series of sports yachts, (V-Class)ranging from 42 to 85 feet.