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Princess Yachts Limited is a British luxury motor yacht manufacturer, French-majority owned and based in the city of Plymouth, Devon, England. Established in Plymouth in 1965 as Marine Projects Ltd. In 2008, 75% was sold to The LVMH group (Louis Vuitton, Christian Dior, Fendi, De Beers, Moët & Chandon, Veuve Clicquot and Krug). Princess Yachts operates in 119 countries and employs over 3,000 people worldwide