The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.
1. New Fairline owners lay off more than 100
Wessex Bristol, which acquired Fairline Boats for an undisclosed sum last month, will temporarily lay off 109 employees at the British yacht builder, according to the union that represents the employees.
Wessex Bristol chief executive Ayiaz Ahmed told British media outlets the company was committed to the long-term success of Fairline, calling the layoffs “an unfortunate unintended consequence of the current business climate.”
2. Legend Boats shares expansion plans
Canadian boat manufacturer and Boating Industry Top 100 dealer Legend Boat is wrapping up construction on a new facility to hold its growing company.
The current facilities were built to hold 25 people, but the company now employs 90 workers, necessitating the new 48,000-square-foot facility.
3. NMMA promoting members at China conference
The National Marine Manufacturers Association will be promoting American-made boats and materials at a conference in Haikou, China, this December.
For more information on opportunities to have your company included in the presentation, contact Nadia Martinez at email@example.com.
4. Three Affordable Care Act requirements for small businesses
There are plenty of things to think about and forms to file for most businesses under the Affordable Care Act. The Birmingham Business Journal has three requirements to make sure you keep an eye on.
5. Don’t get tripped up by these 5 branding myths
Every company wants to build a good brand, but here are five myths about branding to consider for your company, via Entrepreneur.