The Ferretti Group has announced that legendary yachting entrepreneur Carlo Riva, has passed away at the age of 95. Riva was born in Sarnico in 1922 where he still resided before his death, and at a young age he joined the Riva family business, which was founded by his great-grandfather Pietro in 1842.

In 1954 he opened the new Riva futuristic shipyard which he organised based on a modern and innovative production structure. It was during this time that Mr Riva transformed how boats were seen, not simply as a method of transport for goods and people, or just to be enjoyed in sporting events, but he saw craft as an object of pleasure and luxury.