Ferrari renews Riva Yachts sponsorship

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Formula One giants Ferrari have extended their commercial agreement with luxury yacht manufacturer Riva.

The Ferretti Group-owned company’s branding will continue to be present on the Maranello team’s race livery. It will also adorn the helmets and race overalls of Ferrari drivers Germany’s four-time world champion Sebastian Vettel and Finland’s 2007 world champion Kimi Raikkonen.

The financial terms of the extended agreement were not released.

“[This is] an extraordinary combination of two absolute icons like Ferrari and Riva,” Alberto Galassi, chief executive of the Ferretti Group. “Our agreement renews a link between houses that is unrivalled in history, popularity and ability to perpetuate their supremacy.”

The deal was announced during the recent Monaco Grand Prix where Ferrari enjoyed a dominant weekend, with a front row lock-out in qualifying followed by a Vettel race victory and a second place for Raikkonen.




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