Biglari Holdings disclosed a 3.4% equity stake in Ferretti Group, a leading Italian luxury yacht manufacturer, with the purchase completed earlier that day. The investment marks a strategic diversification into the high‑margin luxury goods sector, complementing Biglari’s existing holdings in restaurants, insurance, and oil & gas.
Ferretti Group reported 2025 revenue of €1.23 billion and a net profit of €90 million, supported by a robust order backlog that provides multi‑year revenue visibility. CEO Alberto Galassi noted that 2025 was a challenging year for the global yachting industry, yet Ferretti’s revenues grew faster than the sector and margins improved, underscoring disciplined execution.
The investment occurs amid a dynamic ownership landscape. Weichai Group, through its subsidiary Ferretti International Holding, remains the controlling shareholder, while Czech investment group KKCG has launched a partial tender offer that has met resistance from Weichai. Biglari’s minority stake adds a new voice to the board and signals confidence in Ferretti’s long‑term growth prospects.
Biglari’s management expressed pride in the investment, noting that Ferretti “represents a unique platform in the luxury yachting sector.” The move aligns with the company’s broader strategy of acquiring high‑quality, high‑margin assets across diverse sectors, including its recent investment in Ferrari.
The stake’s monetary value was not disclosed, and the exact transaction date remains unspecified beyond the announcement. Nonetheless, the 3.4% ownership stake positions Biglari as a significant minority shareholder in a company that has demonstrated resilience and profitability in a selective market.
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