Panerai to cease classic regatta sponsorship
Panerai will cease its classic regatta sponsorship in 2019. Only the British Classic Yacht Club regatta in the Solent will receive backing this coming summer. The development will have financial implications for regatta organizers worldwide, notably in the Mediterranean, where Panerai has sponsored the leading circuit for 14 years, but also in the USA, where Panerai has supported a significant part of the classic sailing season. Jean-Marc Pontroué, new CEO of Panerai, said: “The legitimate relationship between Panerai and the sea world has never been stronger and we are determined to work towards offering our customers amazing experiences, including onboard our ambassador Eilean. Classic sailing and supporting the PCYC has been an incredible journey and we have enormously enjoyed it. It is now time to look further and embark on a new voyage.”