G E N E R A T I O N S E D I T I O N
O F F I C I A L J O U R N A L F O R O C E A N I N D E P E N D E N C E
P U R S U I T
CONTENTS
PUBLISHED
by OCEAN INDEPENDENCE
CREATIVE DIRECTION
by ONE MENAGERIE
COVER:
STEFANO GABBANA
CONTACT US:
ENQUIRIES@OCYACHTS.COM
and OCEANINDEPENDENCE.COM
04
NEXT GEN LUXE LIST
Led by Stefano Gabbana, the family
owned brands thriving across generations
12
CASKS OF TIME
Edinburgh Cask Management offers a
storied way to pass on generational wealth
14
TRADITION
TRANSFORMED
Cleave & Company on preserving age-old
skills while innovating for the future
15
OCEANS 20
Celebrating 20 years of excellence,
growth, and visionary yachting
19
TOP 10 YACHT SALES
The ultimate collection:
10 iconic yacht sales, from 2003 to 2023
23
LEGACY IN MOTION
Investec on navigating the Great
Wealth Transfer and beyond
24
YACHT DIRECTORY
Highlights from the
Ocean Independence sales fleet
WELCOME
Much like the family-owned brands featured in these pages, we believe longevity comes from more than just success.
It comes from staying true to what matters. For us, that is precision, quiet confidence and a commitment to independence
and reliability. These qualities are deeply rooted in our Swiss heritage and guide how we work with our clients, our
partners – and with each other.
Yachting is evolving. Buyers are younger, expectations are higher, digital access and global competition are rewriting
the rulebook. But we believe the fundamentals still matter the way they always did. And thus, personal relationships,
deep expertise and complete discretion will always set us apart.
This edition of PURSUIT explores how legacy can evolve. It features families and businesses that are staying
relevant by staying true to themselves. That is the path we believe in and that is the path we will continue to follow.
Thank you for being part of the journey.
PETER HÜRZELER
Chief Executive Officer, Ocean Independence
This year, OCEAN INDEPENDENCE turns TWENTY. A milestone,
but also a reminder of what truly matters in our industry: CONSISTENCY,
TRUST, and LONG-TERM THINKING
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Renowned FAMILY-OWNED luxury brands – from watches to
winemaking – continue to thrive as FUTURE LEADERS take the
helm. Blending rich HERITAGE with bold innovation, they honour their
founders’ legacies while evolving to meet modern tastes, ensuring their
TIMELESS appeal and cultural RELEVANCE for years to come
THE
TOP TWENTY
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NEXT GEN LUXE LIST
MAIN IMAGE: THE HOUSE OF WONDERS, A VIRTUAL REALITY ADVENTURE CREATED IBY AUDEMARS PIGUET
STEFANO GABBANA
DOLCE & GABBANA co-founder Stefano Gabbana stands at the crossroads
of TRADITION and INNOVATION, shaping a FAMILY-BUILT
house where Italy's stories, culture and craftsmanship are continually
REIMAGINED to resonate with NEW GENERATIONS
ilan-born Stefano Gabbana’s vision for the luxury fashion house he co-
founded in 1985 with Domenico Dolce has always been rooted in a devotion
to Italy and the richness of its heritage. “I have a deep passion for my
country of origin. I've been fortunate to travel extensively throughout my life, but
no place fascinates me more than Italy,” Gabbana reflects. “As one of the oldest
and most historically rich countries in the world, Italy is an endless source of
inspiration for many, all around the globe. Its influence can be seen everywhere
— in fashion, art, architecture, cuisine, and traditions.”
Since its earliest days, Dolce & Gabbana has been a proud ambassador for Italy,
with the design duo drawing on the nation’s artistic,
cultural, and thematic heritage to shape their decadent
visions of Italian artistry. Of all their influences, Sicily
has been the most profound. “The true spark came when
I met Domenico Dolce, my partner and dear friend, who
is originally from Sicily,” says Gabbana, recalling how
“he introduced me to the traditions of his homeland,
teaching me so much about their meaning and beauty.”
He reflects on how he and Dolce, “immediately
recognised a shared love for our roots, and from that
connection, a vision was born: to tell the story of Italy
through creativity, style, and beauty. Our collections
are not just about fashion — they are about Italian
stories, memories, symbols, and culture."
This storytelling impulse is rooted not only in the
design of the house’s collections but also in its dedication
to craft. “Italy is a land of excellence, and its
craftsmanship is truly one of a kind — unmatched, even
though many try to imitate it,” says Gabbana. In a
fashion
world
increasingly
driven
by
financial
remuneration, technology, and speed, Gabbana sees the brand’s work not just as an
act of creativity but as a mission to safeguard heritage. For him, ensuring that the
soul of Italian craft is never lost in translation is as vital as shaping the future of
design itself. He describes the duty both he and Dolce feel “to pass on to future
generations the immense potential our country holds, and to ensure that this legacy
of beauty, skill, and tradition continues to thrive.”
This commitment to craft extends into the future, ensuring that the skills and
spirit of Italian artistry are not forgotten with time. It is about preparing the next
generations of artisans and designers, teaching them the technical mastery of the
past and also the values that underpin it. For Gabbana, this means discovering,
mentoring, inspiring, and guiding emerging talent. “Teaching the new generations
about our experiences is essential, even if our journey is unique,” he says. “Sharing
experiences means passing on values, identity, and vision — even when not
everything reflects who we are.” In his view, teaching safeguards continuity,
linking past and future through a common thread of craftsmanship, creativity, and
respect for heritage.
For Gabbana, the values of independence and family leadership shape both his
worldview and the structure of the house he helped
build. “Family is a fundamental pillar for Italians — it
represents our roots, our identity, and our sense of
belonging,” he explains. “It’s becoming increasingly
difficult to uphold these values, but we are committed
every day to preserving and carrying them forward.”
While the industry has seen many houses taken over by
corporate-owned brands, Dolce & Gabbana remains
fiercely independent. “Of course, being independent is
challenging, especially in times like these, when finance
seems to have taken precedence over fashion and
creativity. But we remain determined to follow our own
path, staying true to our values, our vision, and what
we deeply believe in.”
Looking ahead, Gabbana sees the concept of luxury
itself evolving, shaped by innovation and sustainability
but rooted in adaptability. “It is very easy to always
respond in the same way, but very difficult,” he reflects.
“As Darwin said, it is not the strongest or the smartest
species that survives, but the one that adapts best to
change.” In this sense, Dolce & Gabbana’s philosophy becomes clear: heritage is
not a static inheritance but a living resource, continually reinterpreted for each
new era.
In the house of Dolce & Gabbana, tradition is not nostalgia. It is the foundation
upon which the future is built, ensuring that every stitch carries both memory and
vision. The enduring relevance of the brand lies in its ability to tell stories that are
timeless, yet ever evolving — stories of family, of craft, of Italy, and of the resilience
needed to thrive in a world that is constantly changing.
FAMILY IS A
FUNDAMENTAL PILLAR
FOR ITALIANS — IT
REPRESENTS OUR ROOTS,
OUR IDENTITY, AND OUR
SENSE OF BELONGING
I M AG E S A B OV E :
E xc lu s ive i m a g e r y of R e g i n a D ’It a l i a , de s i g n e d by m 2 at e l i e r a nd S t e fa no G abb a n a
EXCLUSIVE INTERVIEW
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SUCCESSION
HIGH CRAFT
Dolce & Gabbana champions ITALIAN HERITAGE, uniting
ARTISANSHIP and innovation through mentorship and sustainable
partnerships – preserving centuries-old traditions while inspiring
generations of designers to shape fashion’s CULTURAL FUTURE
Dolce & Gabbana stands as a guardian of Italian heritage, propelling artisanal mastery into the future. Through instructive
exhibitions, cross-generational mentorship programs, and sustainable partnerships, the brand honours tradition while
empowering new voices. Landmark exhibitions immerse visitors in Italy’s artistic traditions, showcasing and celebrating
techniques dating back to the 1800s, from haute couture and handmade accessories, to mosaic gowns, and live seamstress
demonstrations. Awards affirm their cultural role: the Craft & Italian Artisanship Award at the CNMI Sustainable Fashion Awards
2023, and CEO Alfonso Dolce named a “changemaker” in Craftsmanship by the Camera Nazionale della Moda Italiana in 2024 for
example. Acknowledging their role in sustaining Italian artisanal culture, these and many other accolades inspire the next
generation. Artisan workshops, including the in-house Botteghe di Mestiere, ensure knowledge transfer to new generations.
Partnering with Italian fashion schools, they pass on bespoke tailoring and haute couture skills. Dolce & Gabbana’sGen D –
Generation Designers initiative unites emerging international designers with artisans, blending global creativity and Italian
craftsmanship. With 93% of spending focused in Italy and strategic ties to local workshops, Dolce & Gabbana anchors
craftsmanship in sustainable roots, preserving unique skills and centuries-old traditions. Their work keeps Italian culture, art and
traditions alive in a dialogue between heritage and evolution.
THE HOUSE OF CREED
1760
The House of Creed, family-owned since 1760, is led
by sixth-generation Olivier and seventh-generation
Erwin Creed as Creative Directors. Erwin, who
began learning the craft at eight, now co-creates
best-selling scents and manages business
operations. Together, they travel globally to source
premium ingredients. In July 2025, Erwin opened
Creed’s first flagship boutique in India, expanding
the brand’s global presence.
MARCHESI ANTINORI
1385
Founded in 1385, Marchesi Antinori is now managed
by the 26th generation — sisters Albiera, Allegra, and
Alessia — the first women to helm the historic wine
dynasty. As President, Albiera drives global strategy,
oversees estate development, and chairs the winery
in Piedmont. Allegra oversees their international
restaurants and cooking schools, while Alessia
curates the Antinori Art Project, linking wine,
heritage, and contemporary art.
MAISON MELLER
1613
Granted trading rights by Queen Marie de’ Medici in
1613, Mellerio dits Meller has been family-run for over
400 years. Today, 15th-generation Côme and his
mother Laure-Isabelle are modernising the brand with
a 2024 Bergdorf Goodman debut and new collections
like Color Queen and Cabinet de Curiosités.
Fourteenth-generation François and Olivier Mellerio
continue to support the family legacy.
Luxury’s OLDEST FAMILY BRANDS, with
NEW LINEAGES continuing their LEGACY
and SHAPING TOMORROW
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STEINWAY
1853
Steinway & Sons, founded in 1853 and still guided by family descendants, seamlessly
blends craftsmanship with cutting-edge technology. Esteemed for its premium
pianos, the brand harnesses AI and data analytics to optimise acoustics and refine
precision manufacturing. In June 2025, Steinway launched SPIRIOCAST, an innovation
that streams ultra-high-resolution performance data (hammer velocity and pedalling)
alongside synchronised video and audio from a Spirio | r piano to multiple Spirio
receivers worldwide. This fusion of tradition and technology enables a global audience
to experience the artistry and exactitude of Steinway’s masterful sound in real time.
BRUNELLO CUCINELLI
1978
Italian luxury house Brunello Cucinelli weaves heritage with innovation, redefining
luxury through its humanistic approach to AI. Still family-led, the brand is renowned for
producing timeless pieces that are made to last. While resisting automation in design,
Cucinelli has embraced technology in inventory management, supply chains, and CRM.
In July 2024, it launched brunellocucinelli.ai — an immersive platform developed with
Solomei AI. The site offers a poetic digital journey guided by AI trained in philosophy,
art, and engineering. Framed as “human artificial intelligence,” the brand’s approach
blends innovation with deep respect for human values and timeless craft.
PAGANI AUTOMOBILI
1992
Italian hypercar manufacturer Pagani Automobili fuses craftsmanship with cutting-edge AI to push the boundaries of performance and luxury. Founded in 1992 by Horacio Pagani —
who remains CEO and Chief Designer — the company now includes his sons, Leonardo and Christopher, in leadership roles. Pagani integrates AI across design and engineering, from
computational modelling of carbon-titanium structures to client customisation tools offering real-time rendering. The recently unveiled Utopia Roadster features Pirelli Cyber™ Tyres
with embedded sensors that feed live data to optimise traction and breaking. Pagani’s vision is a marriage of beauty, human touch, and technological precision.
FUTURE SEEKERS
From fashion to supercars and pianos, MULTI-GENERATIONAL HOUSES like Cucinelli,
Pagani, and Steinway BLEND ARTISANAL mastery with technology to redefine luxury
through VISION and DIGITAL STORYTELLING
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stablished in 2009 by master watchmaker Laurent Ferrier —
a third-generation craftsman and former technical director
at Patek Philippe — this eponymous brand reflects a deep
commitment to time-honoured skills and family heritage. A heritage
in the process of being transitioned to the next generation.
Laurent launched Laurent Ferrier when he was in his sixties 24
years ago, and today his ethos is as clear as it ever was: “To produce
fewer pieces with the highest level of care and excellence than
compromise for volume,” he clarifies. In fact, fewer than 600 watches
are produced annually, and each is assembled, finished, and adjusted
by a single watchmaker, who works on a watch from start to finish.
This hands-on dedication is unusual in today’s mass manufacturing
landscape and ensures that every watch carries the heart and soul of
one craftsman.
“I've never tried to impose a vision, only to share a passion,” he
continues. “The savoir-faire I’ve cultivated throughout my career is
passed on daily. As for creative leadership, it's a dialogue between
generations. I make sure everyone follows my vision of watchmaking,
while allowing room to interpret; to suggest as long as it remains true
to our philosophy.”
Today, Laurent Ferrier is evolving under the guidance of Christian
Ferrier, Laurent’s son and Head of Brand Patrimony. Laurent is
gradually passing on the expertise he has accumulated over 52 years
in the industry. It’s something he describes as: “deeply natural and
almost instinctive — it’s also the reason why I started the company
initially to be able to share with my son Christian.”
This transition is more than a generational handover; it is a dialogue
that merges the past with contemporary vision. Christian’s growing
role marks the brand’s future, combining handcrafted distinction with
purposeful advances like incorporating silicon components and LIGA
technology in their movements. “Innovation must serve our aesthetic
and how the watch performs, but never disrupt it,” Laurent emphasises.
Some elements of Laurent Ferrier’s DNA remain non-negotiable, such
as, “the purity of lines, the balance of proportions, the finesse of finishing,
and of course, the technical performance of our movements,” says Laurent.
“That’s what defines the timeless elegance I’ve always sought.”
Ferrier’s commitment to small quantities and handmade precision
is rare. Asked why this is, despite growing demand, Laurent says,
“Because our work simply cannot exist without the human hand.
Each watch we create is the result of a time of close observation,
of patient expertise.” He continues, “Automation may simplify some
processes, but it cannot replace the soul that a craftsman breathes
into every component.”
This ethos fuels the brand’s steady evolution — crafting watches
that pay tribute to generations of knowledge. The brand is a
conversation between father and son, between history and innovation.
It speaks to a future where craftsmanship is cherished and every
watch tells a story.
Laurent Ferrier – founder of his eponymous French luxury
watchmaking house – is passing on CRAFTSMANSHIP and
SAVOIR-FAIRE to his son, ensuring the past is CARRIED
FORWARD into the future
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AUDEMARS PIGUET
150 YEARS
Celebrating 150 years of horological excellence this year, Audemars Piguet marks its anniversary with a series of exclusive releases
and immersive experiences. Still family-led, with Olivier Audemars as Vice Chairman, the Swiss maison pays tribute to its patrimony
with limited-edition timepieces like the Royal Oak Perpetual Calendar “150th Anniversary” and the Code 11.59 Grande Sonnerie
Carillon. A global touring exhibition, The House of Wonders, explores the brand’s history and innovation, while a newly launched
digital platform offers interactive watch-building and virtual access to their Swiss manufacture. Audemars Piguet continues to
blend tradition with forward-thinking artistry.
HAPPY BIRTHDAY
FENDI
100 YEARS
Fendi marks a century of Italian luxury in 2025 with a year-long
programme of landmark global events. The anniversary
collection debuted at Milan Fashion Week AW25, blending
archival references with contemporary vision under the creative
direction of Silvia Venturini Fendi and Delfina Delettrez.
Alongside the runway, the house unveiled seven evocative
fragrances, two commemorative books, and a special-edition
celebratory stamp issued by Italy’s Ministry of Enterprises. From
scent to silhouette, the centenary honours Fendi’s enduring
legacy of design mastery and creativity while charting a
confident, forward-looking course for the future — reaffirming
its position at the very forefront of global luxury.
BERETTA
500 YEARS
Marking nearly five centuries of precision and prestige, Beretta
remains the world’s oldest family-owned firearms manufacturer.
Still guided by the 15th generation, Franco Gussalli Beretta, the
house prepares to celebrate its 500th anniversary in 2026 with
global events. The journey begins with the Beretta World sporting
event in London, where the limited-edition DT11 Pyramide
shotgun will take centre stage, embodying craftsmanship and
innovation. A heritage press trip to the family’s villa, museum, and
factory will further spotlight Beretta’s legacy and influence. With
international exhibits, exclusive editions, and a landmark
celebration in 2026, Beretta honours five centuries of artistry,
resilience, and excellence while evolving for the years ahead.
These STORIED BRANDS celebrate major MILESTONES –
proof not only of their LONGEVITY, but of how they’ve EVOLVED
with each generation to uphold ENDURING EXCELLENCE
BRANCHING OUT
SEASE
2016
Sustainable outdoor brand Sease was founded by
Franco and Giacomo Loro Piana, drawing on their
family’s textile legacy. Bridging the gap between
high-end fashion and functionality, Sease uses Merino
wool and ocean-recycled fabrics to create sustainable
designs that reinterpret Italian heritage for the
tomorrow's clientele.
MACCAPANI
2023
Margherita Maccapani Missoni, granddaughter of
Missoni’s founders, launched Maccapani in 2023 —
reframing family legacy with a refined,
post-streetwear aesthetic. Gender-neutral and
digitally driven, the brand blends advanced Italian
jersey, immersive tech and resale culture. From
AR-enabled collections to vintage-furniture
pop-ups, Maccapani challenges tradition with a
future-focused vision of Italian luxury.
DELFINA DELETTREZ
2007
Delfina Delettrez, fourth-generation heiress of the
Fendi family, launched her eponymous fine
jewellery brand in 2007. Blending traditional Italian
goldsmith craftsmanship with cutting-edge 3D
printing and surreal, anatomical motifs, her designs
challenge convention. Handmade in Rome, her
work merges heritage with modernity, creating a
futuristic aesthetic that pays tribute to her lineage
while pushing the boundaries of luxury jewellery
design for a new generation.
Stepping BEYOND the family
brand, these OFFSHOOTS are
REDEFINING what it means to
honour the past
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AMELS
1918
Amels, founded in 1918 and now led by Rose Damen under the Damen family, merges over
a century of workmanship with a sharp eye on the future. Its Amels 80 Limited Editions
— launched globally in 2023/24 — combine timeless design with hybrid propulsion,
sustainable materials, and customisable interiors by Sinot and Espen Øino. The series
introduces a fast-delivery model, offering semi-custom builds without compromising
luxury. The upcoming Amels 8003, now in outfitting, continues this vision and is set for
delivery in late 2026. Through a mix of innovation and refined tradition, Amels is redefining
the future of modern superyachting.
SANLORENZO
1958
At the helm of Italy’s Sanlorenzo since 1958, the Perini family continues to steer this
iconic shipyard into the future, fusing time-honoured skills with cutting-edge design.
Known for bespoke luxury yachts, Sanlorenzo is redefining sustainability through its
partnership with MAN Engines to develop a bi-fuel green methanol propulsion system
— debuting on the 50 X-Space in 2027 — that will cut emissions by up to 70%. This
commitment extends ashore with Casa Sanlorenzo, unveiled in Venice in June 2025.
More than a showroom, it’s a cultural statement: home to a curated art collection and
the “Sanlorenzo Talks” on ecological transition and sustainable innovation.
RIVA
1842
Riva, founded in 1842, is a symbol of enduring Italian creativity — blending timeless elegance with a forward-thinking spirit that continues to shape the future of yachting. Though
now under the Ferretti Group, Riva’s is deeply rooted in family values and generational renewal. Recent innovations include El-Iseo, its first fully electric runabout, merging classic
design with sustainable propulsion. The award-winning Riva 82’ Diva exemplifies modern spatial innovation, while a new full-custom steel mega yacht line marks Riva’s entry into
large-scale superyachts. Expanding beyond the sea, Riva Residenze brings its maritime aesthetic to residential design, lifestyle boutiques, and lounges. Bold, expressive, and
unmistakably Italian — Riva is charting the next chapter in design, performance, and lifestyle, on and beyond the water.
YACHTING DYNASTIES
FAMILY-LED shipyards like Benetti, San Lorenzo, Riva, and Amels
merge timeless values with modern vision, SHAPING THE FUTURE of yachting
while PAYING TRIBUTE to DECADES of craftsmanship
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amily-owned heritage brands have long been
synonymous with craftsmanship and artisanal
excellence. Today, these values are being infused
with a commitment to sustainability and ethical innova-
tion. Among them, Venetian glassmaker Barovier &
Toso stands as a beacon, blending nearly 730 years of
tradition with environmental stewardship, proving that
true luxury cherishes both artistry and the planet.
Founded in 1295, Barovier & Toso remains deeply
rooted in Murano, Venice — the heart of artisan
glassmaking. Direct descendant of the founding family,
Iacopo Barovier, is at the company’s helm. His leadership
not only preserves the brand’s artistic vision but also
drives strategic decisions about its future, placing
sustainability in the limelight, without compromising
heritage.
Barovier & Toso exemplifies how centuries-old
expertise can coexist with environmental responsibility,
embracing
cutting-edge
technology
to
reduce
its
ecological footprint. One of the most significant
achievements has been the installation of advanced
filtration systems, including bag filters and dust
collectors, which have resulted in a 99.8% reduction in
particulate emissions. This milestone underscores the
brand’s dedication to safeguarding both the health of its
artisans and the environment.
Water conservation is another priority. Barovier &
Toso has implemented water recovery and purification
systems that prevent untreated wastewater from
entering the Venetian lagoon. By protecting this unique
environment, the brand demonstrates a deep respect for
its local heritage and surrounding area.
Energy efficiency is embedded throughout Barovier
& Toso’s operations. The company recycles waste heat
generated from its glass furnaces to heat buildings
and process water, enhancing overall energy efficiency.
Additionally, it offers energy-efficient LED products
equipped
with
DALI-dimmable
options,
aligning
sustainable living with product ingenuity.
Even packaging reflects the brand’s sustainability
ethos. All materials used are recycled and fully recyclable,
minimising waste and fostering a reuse economy. This
meticulous attention to detail in packaging complements
the care invested in every glass piece.
Sourcing is also consciously managed, as Barovier
& Toso prioritises local raw materials to shorten supply
chains and minimise transportation emissions. The
production process even uses sand and water from the
Venetian lagoon to craft its crystal, further reducing
environmental
impact
while
supporting
Murano’s
artisans and economy. The company’s exclusive formula
for Venetian crystal avoids the use of harmful chemicals
like arsenic or lead, ensuring environmental safety.
By
preserving
time-honoured
practices
and
embedding them in sustainable processes, Barovier &
Toso steps thoughtfully into the future – safeguarding
the livelihoods of its craftspeople while passing on
ancient skills.
VAULTS OF LEGACY
SUSTAINABLE
LUXURY
HISTORIC brands are redefining sustainability and ethics.
Venetian glassmaker BAROVIER & TOSO proves that
true luxury values ARTISTRY and CARE for the planet
ARCHIVES are living resources –
fuelling creativity, guiding craftsmanship,
and CONNECTING generations
PIERRE FREY
1935
Family-led homewares house Pierre Frey, now run by
the third generation, holds 25,000 archival
documents dating to the 16th century. By digitising
and reimagining patterns from storied names like
Braquenié and Le Manach, they use the DNA of the
past to inspire fresh, heritage designs.
RUBELLI
1781
At interior designer Rubelli, legacy isn’t just
preserved — it’s carefully curated. Through
Fondazione Rubelli, the fifth-generation Venetian
textile house safeguards over 50,000 artifacts, from
samples and weaving patterns to rare 18th-century
velvets. More than history, the archive is a living
blueprint for future design.
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Whisky CASK OWNERSHIP is a unique form of GENERATIONAL
WEALTH – TANGIBLE, STORIED, and steeped in TRADITION
INVESTING IN CRAFT
ACROSS GENERATIONS
CASKS OF TIME
ow more than ever, ultra-high-net-worth investors are
turning to tangible assets that offer not just enduring
value, but meaning and lineage. Whisky cask ownership
embodies this shift — providing a rare blend of stability,
craftsmanship, and connection that deepens with time, building
wealth while preserving the past.
At the heart of this movement is Edinburgh Cask Management
(ECM), based in Scotland’s historic capital. ECM invites individuals
to go beyond ownership — to become part of whisky’s evolving story.
For those who choose to invest in a cask, it’s more than a financial
decision. It’s the preservation of something rare and personal; a
bequest slowly maturing for the next generation.
A LIVING LEGACY
Whisky casks are unique generational assets. Unlike stocks or
bonds, they are tangible, storied, and sensorial. Most casks never
reach the open market as they are held back for distillery’s own
bottlings, which makes independent ownership not only rare, but
also deeply meaningful. Casks offer something you can touch, taste,
and one day pass down.
The returns are undeniably attractive, with casks typically
appreciating by 10 to 15% annually. As emerging markets in India,
China, and the UAE develop a growing appetite for premium Scotch,
the value of unusual and well-aged casks continues to rise. Classified
as a “wasting asset” — with a predictable lifespan under 50 years —
whisky casks are exempt from Capital Gains Tax in the UK,
Switzerland, and Monaco. Yet, the appeal extends far beyond
performance metrics.
A whisky cask is both a family heirloom and a store of value.
“There’s a romance to cask ownership. People aren’t just buying into
an investment, they’re buying into history,” says Graham Ewart,
ECM’s Portfolio Director. “Each cask carries its own unique story, and
history is the greatest storyteller. It’s a story that matures over time.”
ROOTED IN CRAFT
All Scotch whisky must legally be matured in oak casks, which are
widely considered the ‘unofficial fourth ingredient’ – some would say
the most important. The wood imparts flavour, colour, and complexity,
and choosing the right oak is an art form. Graham and his Team are
experts in the traditional methods behind cask ageing – a process that
has remained unchanged for decades. “Time doesn’t always equate to
a better whisky; like a fine wine, balance is very important, as is
understanding how spirit and wood work together,” Graham explains.
ECM is one of the few independent cask managers with its own
bonded warehouses allowing for full control of the process from start
to finish. Their third facility has just opened, with capacity for 100,000
casks. The other two already house treasures, including a stretch
affectionately known as “Millionaire’s Row”, home to prized casks
from Springbank and Macallan, each valued upwards of £300,000.
PERSONALISED STEWARDSHIP
In a world defined by speed, whisky stands apart – evolving slowly
and purposefully, with casks maturing for many years. ECM offers
clients flexibility to manage their cask personally or entrust its care to
the Team — allowing owners to be as hands-on or hands-off as they
choose. For some, it’s a curated journey — with warehouse visits,
private tastings, updates, regauges, and the option of bespoke bottling.
From crystal decanters to wax seals and personalised labels, every
detail can be shaped by ECM’s design Team to reflect the owner’s
intent. Many clients consult ECM’s in-house wealth specialists, who
assist in building bespoke single-cask portfolios or managing
collections. The returns speak for themselves: “one client who
purchased a Caol Ila cask for £850 fifteen years ago has seen its value
grow to over £16,000. Another began with £100,000 and now oversees
a portfolio approaching half a million,” reveals Graham.
HISTORY AND
CRAFTSMANSHIP
ARE SUCH BEAUTIFUL GIFTS
— GROWING IN VALUE AND
CHARACTER WITH EVERY
DAY. IT CAN GIVE A SENSE
OF BELONGING IN A WORLD
THAT’S SO EASILY
TRAVELLED
I M AG E : Graham Ewart,
Portfolio Director at
Edinburgh C ask Management
G E N E R A T I O N S E D I T I O N | P U R S U I T 1 3
P A R T N E R F E A T U R E
E D I N B U R G H C A S K M A N A G E M E N T
FROM DISTILLER TO DESCENDANT
More than just investment, whisky is a bridge between generations.
One long-term client, Mr Smith, began buying a cask for each of his
children as a way to pass on wealth without tax obligations. “Mr
Smith has many children and it’s become an ongoing joke between
us,” Graham says. “Every six months or so I get a call from him with
news of a new grandchild – and every grandchild must have a cask of
equal value or opportunity.”
Another story involves a 94-year-old man who, upon his passing,
left a cask of 2005 Laphroaig to his granddaughter — the same
distillery she once bought him a bottle from for his 80th birthday.
“That’s not just inheritance,” Graham reflects. “That’s a timeless
expression of love and memory.”
WHISKY FOR A NEW CONSUMER
The whisky world is changing. “More women are now drinking and
investing in whisky than ever before, and younger investors are seeing
its benefits,” explains Graham. One ECM client, an environmental
lawyer, is keen to work only with distilleries that prioritise
sustainability – supporting water conservation, biodiversity, and
peatland restoration. “Her bottles are wrapped in biodegradable
packaging, with seeded labels that grow wildflowers when planted,”
says Graham. “She wants everything to be about looking after the
environment.”
ECM meets these evolving expectations with transparency and
innovation. Every client receives full ownership documentation,
individual warehouse accounts, and a clear roadmap to exit. Those
new to whisky are welcomed with tastings and personalised guidance
— designed not just to maximise performance, but also ensure
provenance, authenticity, and emotional resonance.
THE ALCHEMY OF TIME
At its core, whisky cask ownership is about stories. Stories of
distilleries, of families, of the alchemy of time. Whether it’s a coveted
Springbank or a modest cask laid down for a newborn grandchild, each
one holds more than liquid. It holds intention, heritage, and memory.
“People don’t just buy whisky for the return, and that’s what I
love most about it,” says Graham. “They buy whisky because it
connects them. Because it means something, it’s enjoyable, and they
feel a real bond with it. It’s this connection they want to pass down
to the next generation. History and craftsmanship are such beautiful
gifts — growing in value and character with every day. It can give a
sense of belonging in a world that’s so easily travelled.”
And perhaps that is the true return: not just financial growth, but
a sense of belonging. In a world that moves quickly, whisky casks
invite us to slow down, to invest not just in what we have — but in
what we leave behind.
For those with the vision, ECM offers more than an investment. It
offers a place in the story.
ven in an age defined by speed and automation, the value of
tradition, true craftsmanship, and timeless design endures. At
Cleave & Company, court jewellers and goldsmiths, a quiet
revolution is taking place — one that preserves centuries-old
techniques while embracing precision engineering, modern tools and
ideas. From creating state insignia, regalia and jewellery to crafting
objets d’art and bespoke accessories, this storied British workshop
fuses heritage with innovation to ensure craft remains not only
relevant but revered.
Built on generational values, Cleave & Company’s strength lies in
merging timeless craftsmanship with the precision of modern
technology. Tools such as CAD design, CNC engraving, and 3D
printing have become essential — allowing them to prototype and
ensure accuracy. “But innovation never compromises craft,” says
Sanay Shah, Director at Cleave. “Our products are still handmade to
ensure quality comes first.” Modern sensibilities — minimalist forms
and sustainable values — are integrated without diluting age-old
techniques. Pieces are crafted using “ethically sourced materials,
including Fairmined silver and gold, and responsibly sourced
gemstones. Slow craftsmanship means fewer resources are used, and
there’s less waste,” Jenny Chen Squire, Cleave’s Head of Corporate
Gifting explains.
At the heart of Cleave & Company is a mission to pass on knowledge
and skills to future generations. “We strive to respect the craft and
hope it lasts for centuries,” says Jenny — and it’s not just a hope, but
a strategy. Their apprenticeship programme, tied to the historic
Goldsmiths’ Company (with over 700 years of legacy), is one of the
most robust in the country: “We are currently training one polisher
and four silversmiths and goldsmiths. Everyone is happy to share
techniques and skills — that’s really important for the future of the
crafts,” explains Sanay.
Cleave’s work is more than technical excellence – it carries cultural
and symbolic weight. The company is trusted by governments and
institutions worldwide for orders, decorations, and medals. From the
pen used at the King’s Coronation to subtly modifying regalia for the
new monarch, Cleave has been trusted by the Royal Household and
therefore has the privilege of holding the King’s Royal Warrant.
Cleave’s bespoke services also sees it working with luxury brands,
interior designers, and artists to create one-off commissions. One
project involved redesigning fittings on a superyacht owned by an
Ukrainian billionaire. The scale demanded creativity and bold logistics,
including a satellite work-shop in Barcelona. Costing over a million
pounds, it took a Team of 12 over a year to complete. “It was one of
those jobs that really challenged the Team. We often get projects others
can’t take on because they’re so complex,” reveals Sanay.
“Luxury has become more accessible over the last decade, and many
now seek handmade, bespoke products — Cleave meets that need.
Craftsmanship takes time, from design to quality control,” explains
Jenny. Whether it’s a custom medal, royal commission, or unique pen,
the goal remains the same: excellence with meaning. In an increasingly
mass-produced world, Cleave & Company stands as a beacon for those
who believe true luxury lies in care, integrity, and legacy.
P A R T N E R F E A T U R E
C L E A V E & C O M P A N Y
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Blending CENTURIES-OLD MASTERY with forward-thinking design, Cleave & Company
redefines luxury through LINEAGE, INTEGRITY, ARTISTRY, and enduring cultural significance
TRADITION
TRANSFORMED
C L O C K W I S E F R O M T OP
S t erl i n g si lver mo del of the Alfa Ne ro sup er ya cht , cr a ft e d t o exa ct s c a le ; Br e a st S t a r of the Order of the G a r t er —
the h ighe st order of k n ightho o d i n Br it a i n ; S p e cia l c om m i s sion : T he S i l k R oa d Pen
G E N E R A T I O N S E D I T I O N | P U R S U I T 1 5
O C E A N S
T W E N T Y
A BUSINESS BUILT
ON PASSION AND PEOPLE
HUMBLE BEGINNINGS
Ocean Independence began humbly, sparked by a conversation
between founder Peter Hürzeler and his brother Hans, who set
out to build their dream passenger yacht. Their creation,
Colombaio, was ahead of its time as one of the first commercially
registered and compliant superyachts: “It was the first sailing
vessel in over 100 years that was certified newly as a cargo
vessel,” says Peter. Always fully booked, the 120ft yacht’s success
spurred expansion to three vessels and the business was born. 1991
1987
Celebrating 20 YEARS, Ocean Independence remains a business built on PASSION
and PEOPLE. Here we take a JOURNEY through the company’s key MILESTONES,
from its humble beginnings to GLOBAL YACHTING LEADER
or Peter Hürzeler, founder of Ocean Independence, it has always been the people
who define his family-led business. Established by himself and his brother Hans
to share what he and his family loved most – “being on a boat, going into bays,
going into small ports and just experiencing that lovely lift that life on a boat gives
you” – the company this year celebrates 20 years. “It’s been a lot of fun, hard work at
times, but fun,” Peter reflects. “But the best thing for me has always been the people.
Without our Team and our strong family values, nothing would have happened.”
Peter’s family remains closely involved in the business. His son Alexander serves as
Head of Finance, daughter Lana is Head of HR, nephew Claudio Arpino holds a key
role, and brother Hans Hürzeler serves as Company Lawyer, all contributing to the
company’s growth and ensuring the family ethos remains at the heart of operations.
Founded in 1987, Ocean Independence started as one of the first Owner-operated
luxury charter ventures. Over the decades, it has grown into a full-service yachting
company, providing services spanning brokerage, charter, new builds, refits, yacht
management, and consulting, and today operates the world’s largest fleet of luxury
crewed charter yachts.
From its headquarters in Switzerland and 16 offices worldwide – including
London, Palma, and the Côte d’Azur – Ocean Independence employs over 125
specialists. Guided by the ethos that inspired its founding – making people happy
and sharing a passion for life at sea – the company approaches every aspect of its
work with a focus on service, family, and yachting. This philosophy underpins all its
global operations.
FROM SEA TO SHORE
With Colombaio setting the tone, Hürzeler’s pioneering spirit
carried Peter and his Team ashore to found Ocean Cruise in
Zürich. Focusing on yacht management and brokerage of
superyachts, motor yachts and more, Ocean Cruise laid the
foundation
for
Ocean
Independence,
building
on
the
entrepreneurial drive and customer-first philosophy established
during the Colombaio years. The challenges of running
Colombaio jump-started the founders’ network and expertise
while instilling lasting core values. As Peter notes, “it confirmed
that trusting in your vision, working hard, and always doing your
very best yields success.” Operating as Owner-operators gave
them firsthand insight into what works — and what doesn’t — for
Owners, charterers, and crew. This perspective still shapes the
company’s client-centric approach today, with perseverance,
integrity, and quality service ingrained from the start and central
to Ocean Independence’s culture.
G E N E R A T I O N S E D I T I O N | P U R S U I T 1 5
O C E A N S
T W E N T Y
1 6 P U R S U I T | G E N E R A T I O N S E D I T I O N
1
20+
TE
AM
MEM
BER
S
23
LAN
GUA
GES
SP
OKE
N
GLOBAL REACH
The merger of Ocean Cruise with Velonà Yachting (Monaco)
and Sea Independence (Palma) created Ocean Independence,
uniting cultures under one brand. Offices in Antibes and
Düsseldorf, leadership from Rebecca Pattinson, Barbara Müller,
Marco Vandoni, Claudio Arpino, and partner Nicholas Dean
nearly doubled the Team. Peter reflects: “I'm very willing to give
trust to people and luckily I’ve been right.”
PRIMED FOR PALMA
Aware of the industry’s coming growth, Peter and his Team
expanded overseas, opening in Monaco and Palma in 2003. “We
faced the choice of whether to stay very small and boutique or
expand and become a bigger player,” says Peter, recalling Palma’s
ideal location and Barbara Müller readiness to take the helm.
BRITISH YACHTING SPIRIT
Ocean Independence acquired Cavendish White, a respected
London brokerage. The culturally compatible Team, led by Tom
Walden and Toby Maclaurin (now CCO), more than doubled the
UK presence. “We were looking to strengthen our share in larger
yachts, and the merger significantly boosted listings and
presence, integrating British yachting heritage,” says Peter.
CREW EMPLOYMENT & MORE
Recognising that a yacht’s success hinges on its crew, Ocean
Independence launched Crew Employment and Recruitment
services. “Talented crew are essential for a good experience on
a yacht. Our Team sources captains, engineers, chefs, and more,
leveraging our network to provide the best talent. We arrange
employment of about 400 crew,” Peter explains.
360-DEGREE SERVICE
The opening of the Yacht Management division demonstrated
Ocean Independence's commitment to full lifecycle service. Led
by Daniel Küpfer — who moved from crew to management and
has been involved since the early days — the Team enables
Owners to enjoy yachting with support in everything from
safety and maintenance to compliance and crew.
750+ CHARTER
CONTRACTS PER YEAR
2008
2010
2006
2005
2003
1 6 P U R S U I T | G E N E R A T I O N S E D I T I O N
400 CREW
FORT LAUDERDALE
FRENCH RIVIERA
KONSTANZ
LONDON
PALMA
SUSSEX
REBECCA PATTINSON
MARCO VANDONI
CL AUDIO ARPINO
HANS HÜRZELER
BARBAR A MÜLLER
DANIEL KÜPFER
NICHOL AS DEAN
TOBY MACL AURIN
TOM WALDEN
G E N E R A T I O N S E D I T I O N | P U R S U I T 1 7
O C E A N S
T W E N T Y
€4
BILLION
2
3 LA
NGU
AGE
S SP
OKE
N
12
0+
TEA
M ME
MBE
RS
THE FRENCH RIVIERA
By acquiring Antibes-based Primo Yacht, Ocean Independence
positioned itself in the Côte d’Azur yachting scene: “crucial for
on-ground knowledge”, affirms Peter. Primo founders Judith
Amselli and Pascal Erba helped expand the fleet, strengthen the
management division, and employ a seasoned charter Team to
reinforce a culture of charter excellence.
ON THE MOVE
Relocation of the headquarters to Küsnacht marked a new
chapter in global expansion, strengthening Switzerland’s role as
Ocean Independence’s anchor. The move from Zollikon
upgraded facilities and renewed focus, reflecting values of
trust, discretion, and exceptional service. Expansion
continued with a Fort Lauderdale office, expertly
overseen by Daphne d’Offay and Thom Conboy.
BECOMING TRULY GLOBAL
Expansion into Asia with the acquisition of Hong Kong-based
brokerage company Seanergy positioned Ocean Independence
as truly global. Led by Jeremy Comport, this provided a regional
foothold, adding local expertise and clients, and allowing the
company to serve discerning clients seamlessly across Europe,
the Americas, and the Asia-Pacific region.
FROM HOME TO HARBOUR
The launch of the Private Aviation service enabled Ocean
Independence to complement its yacht charters and seamless
luxury travel needs. Offering a one-stop solution for a client’s
entire journey, the Team arranges private jet charters, helicopter
transfers, and even assists with aircraft sales and acquisitions.
TIME FOR A REFRESH
Ocean Independence undertook a complete rebranding to
position itself as a lifestyle brand and better serve its discerning
clientele. To complement this, PURSUIT was launched, offering
an authoritative yet accessible guide to the ultimate yachting
lifestyle. With a readership of 5,800, it is distributed at events
including Monaco and Cannes.
500+ YACHTS SOLD
SALES REVENUE
2011
2015
2016
2017
2023
2025
G E N E R A T I O N S E D I T I O N | P U R S U I T 1 7
AT A GLANCE
With 16 offices worldwide, Ocean Independence has insider
local knowledge in all major yachting regions while maintaining
global reach. Since inception, the company has sold over 500
yachts, achieving €4 billion in sales and 750 annual charter
contracts.
The
120-strong,
multilingual
Team
spans
26
nationalities, delivering expertise and exceptional client service.
ATHENS
AUCKLAND
DUBAI
DÜSSELDORF
MONACO
MUMBAI
MUNICH
HONG KONG
JEREMY COMPORT
MILES CL ARK
THOM CONBOY
DAPHNE D’OFFAY
JUDITH AMSELLI
PASCAL ERBA
FAMILY SPIRI T
COMPETENCE
LOVE FOR YACHTING
HONE STY
INNO VATION
RESP ECT
SPOR TSMANSHIP
INTE GRITY
UNI
QU
E E
XPE
RIE
NCE
HA
PP
Y P
EO
PLE
PAS
SIO
N S
HA
RIN
QU
ALI
TY
SOL
UTI
ON
1 8 P U R S U I T | G E N E R A T I O N S E D I T I O N
O C E A N S
T W E N T Y
Looking ahead, OCEAN INDEPENDENCE remains rooted in FAMILY VALUES
while embracing INNOVATION, SUSTAINABILITY, and AGILITY, ensuring its
CLIENT-FIRST ethos continues to shape the future of yachting
1 8 P U R S U I T | G E N E R A T I O N S E D I T I O N
lobal operations bring new challenges for Ocean Independence.
Environmental regulations, stricter anchoring rules, and
asset verification procedures all add complexity, while the
industry continues to evolve rapidly. For Peter and his Team, agility
is essential to maintain a competitive edge and future-proof the
business in an ever-changing yachting landscape. Digital innovations
streamline operations, with AI-based systems helping anticipate
client needs, match available yachts, enhance efficiency, and provide
market insight. Yet Peter insists technology will never replace the
human element. “We will remain grounded in what makes yachting
truly special — personal relationships, human care, discretion and
emotional connection. Our service is built on trust, not transactions,”
Peter insists. “You have to be close to the client, that creates trust.
And despite our size we maintain the Team spirit of a big family,”
Peter adds.
“Our clients really appreciate that it is a family-led business with
family values. It's something that is regularly commented upon,”
Peter explains. “I think they like the stability.” Looking forward, those
values remain central. “We have a long-term vision, which means
running and growing it as a family business, and reinvesting in the
business. Profit is not the first driver. The clients are the focus,” he
explains. “We have to cater to so many different clients in so many
different ways. It's not just one thing fits all. The main and most
important objective is to deliver excellent service to our clients.”
This year, Ocean Independence opened a new office in Dubai
and partnered with the Giangrasso Group – a former supplier to
the Italian yacht industry now building its own yachts. Exclusively
marketed by Ocean Independence, the first launched this summer.
So what will the next 20 years bring? “Our task is to stay quick and
nimble on our feet. To find solutions that benefit our clients and serve
them best,” says Peter. “I do believe that some sharing concepts will
become more successful in the future. We are working on something
along these lines but I can’t say too much at the moment,” he reveals.
Whatever lies ahead, Ocean Independence’s hands-on, client-
centric, family-style approach will, as Peter puts it, “always remain
central to our philosophy.”
NAVIGATING THE FUTURE
From military conversions to cruise ship refits and pandemic-era deliveries, Ocean Independence’s
top 10 historical yacht sales reveal unmatched versatility, discretion, and visionary design
TOP 10 HISTORIC
YACHT SALES
Originally launched in 1973 as an Australian naval vessel, Plan B is one of the few true military conversions in yachting — rebuilt as a
50m explorer with go-anywhere capability. Sold by Ocean Independence in 2010, she became more than a vanity project: the Owner
circumnavigated the globe, reaching the Arctic, Galapagos, Patagonia, and Myanmar. Operating far from infrastructure brought
challenges that Ocean Independence’s Team met head-on, supporting the Owner’s ambitious off-grid mission. Retaining naval-
grade engineering and her gunmetal grey profile, she was adapted for private use without compromising performance. Between
2018 and 2023 she underwent major upgrades, including overhauls and refined interiors. Her aft deck offers shaded dining and a
lounge that converts into an open-air cinema. Explorer features include a heli deck, spa pool, and tender storage, with twin Caterpillar
engines delivering a 6,000nm range. Quietly philanthropic, she also served as a vessel for research and humanitarian outreach.
When Spirit launched in 2005, motor catamarans were virtually unheard of in the superyacht
world — making this 34-metre wave-piercing catamaran a bold statement of intent. Built on speculation
in New Zealand, she was both a financial and stylistic gamble, challenging the dominance of monohulls.
With naval architecture by Jack Sarin and a GRP build, she combines strength and efficiency, while
twin MTU engines deliver a 24-knot top speed and solid range. Her wide beam affords interior volume
and deck space more typical of a far larger yacht, blending performance with comfort. Spirit proved
that visionary design could find its place in the market, and Ocean Independence secured her first
Owner — a milestone that underlined how bold ideas can shape the future of yachting.
SPIRIT
34M WESTPORT YACHTS
PLAN B
50M HELI-CAPABLE EXPEDITION YACHT
Built by Oceanfast in 2003 for Australian golf legend Greg Norman, the 70m all-aluminium yacht
Floridian — later Nomad — was a true pioneer. Designed by Sam Sorgiovanni, she was one of the
earliest large explorer yachts, well ahead of today’s booming trend. Her first Owner was visionary in
commissioning such innovation. Sold by Ocean Independence at the 2011 Monaco Yacht Show, her
buyer fought through crowds in the final minutes to step aboard and close the deal. Managed by Ocean
Independence, Floridian saw major refits between 2005 and 2020. She offers six cabins for 12 guests
and amenities including a Steinway piano, cinema, gym, helipad, spa pool, bar, and wine cellar. With
stabilisers, tenders, and dive gear, she remains an icon of exploration and elegance.
FLORIDIAN
70M OCEANFAST
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T O P T E N
H I S T O R I C Y A C H T S A L E S
Built in 2020 by Abeking & Rasmussen and named after the
soar of an eagle, Soaring is a 68m steel-and-aluminium masterpiece
by Focus Yacht Design. Her profile features scalloped windows, an
orange boot stripe and an eagle-beak bow — ensuring she stands
apart.
Delivered
mid-pandemic
in
March
2020,
Ocean
Independence’s Team drove empty German motorways, stayed in
deserted hotels and secured dispensations to coordinate crew,
recalling the surreal atmosphere as unforgettable. In Soaring’s
2023 sale, representing both buyer and seller, Ocean Independence
proved its global reach and diplomacy in a Middle East deal. Inside,
1,500GT hosts 12 guests in six suites, including a master with a
private terrace and library, all finished with meticulous detail.
Outdoors include a beach club, gym, spa, Jacuzzi and swim
platform. Powered by twin 2,000hp MTUs, she cruises at 12 knots
and reaches 16. Elegant and innovative, Soaring remains distinctive.
SOARING
68M ABEKING & RASMUSSEN
T O P T E N
Y A C H T S A L E S
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