Builder seeking new ownership by March 1

Marquis M42

Marquis introduced its all-new M42 at the 2019 Ft Lauderdale Boat Show

According to reports in local media up to 344 employees at Pulaski, US-based Marquis Yachts will lose their jobs in March if the company cannot secure new ownership.

The company is said to have provided the State of Wisconsin with formal notification of an impending workforce reduction at its facility beginning March 1.

The company says it is looking to shore-up long-term financing to permit continued operations. As the effort to negotiate a sale of the company continues, Marquis Yachts is reported to have advised the state that it is working with limited financial resources to continue operations through March 1.

The company, which discontinued its entire product line in July 2018 in order to focus on building new models, introduced an all-new M42 day boat and a LY650 yacht created in partnership with Lexus luxury automobiles at the Ft Lauderdale Boat Show in October.

Marquis won a 2019 IBI-METSTRADE Boat Builder Award in the Collaborative Solution Between A Production Boat Builder And Its Supply Chain Partner category, recognising its collaboration with Lexus in developing the LY 650.

More on this story to follow.