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Cigarette Racing Sold
May 25, 2021
High-performance stalwart Cigarette Racing has been acquired in a deal brokered by investment firm Lionheart Capital and entrepreneur John H. Ruiz.
Terms of the deal were not disclosed.
The company celebrated 50 years of offshore racing with the launch of the 59-foot Tirranna in 2019.
Founded in 1969 by world champion offshore racer and builder Don Aronow, the company has been owned by Skip Braver since 2002. Braver oversaw the brand’s transformation, inking deals with Mercedes AMG and Ducati motorcycles that expanded the customer base beyond the go-fast, poker run crowd.
“After 20 years of building the Cigarette product line and brand, I look forward to seeing Ophir and John s vision for the company become a reality,” said Braver in a statement. “Lionheart Capital and John H. Ruiz share my commitment to quality and performance, as well as my passion for Cigarette s brand, and I’m confident in their ability to take the company to e
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MIAMI, May 24, 2021 /PRNewswire/ Cigarette Racing Team, synonymous with high-powered luxury performance powerboats, has new ownership with big plans for growth of the company and the future of boat racing in across the globe. Lionheart Capital, led by Founder and CEO, Ophir Sternberg, has partnered with billionaire entrepreneur, John H. Ruiz, to purchase the iconic American brand from longtime owner of two decades, Skip Braver.
Photo of the Cigarette Racing Team 59’ Tirranna Powerboat After 20 years of building the Cigarette product line and brand, I look forward to seeing Ophir and John s vision for the company become a reality. Lionheart Capital and John H. Ruiz share my commitment to quality and performance, as well as my passion for Cigarette s brand, and I m confident in their ability to take the company to even greater heights based on their own successful ventures, resources and business knowledge, said Skip Braver, former owne
For a yard more used to evolution than revolution the new Princess X95 is a radical departure from the norm but how does it stack up as a boat?
Things have been a little different at Princess lately. A brisk wind of change has been blowing through the hallowed halls of Britain’s most quietly conservative boatbuilder since the arrival of executive chairman Anthony Sheriff, late of McLaren Cars, and chief marketing officer Kiran Haslam, who used to work for Bentley.
These gentlemen didn’t join the firm to take it easy, but to shake things up. The world is changing, the market is changing, and as old values and habits are held up to scrutiny, new approaches and ideas are ushered in. The Princess Yachts brand, they felt, was in danger of being left behind. The very image of yachting was moribund, incapable of attracting new blood, while boatbuilders squabbled over a dwindling customer base.
These Are the 100 Worst Dramas of All Time
By Molly Pennington, Stacker
On 1/8/21 at 8:00 PM EST
Showgirls and
The Room, which is considered one of the greatest bad movies of all time. We also have films that aimed high with all-star casts and award fodder plot lines that crashed and burned, like Nora Ephron s madcap comedy
Mixed Nuts, or ended up portentous and unwatchable, like Sean Penn s save-the-refugees drama
The Last Face.
Major movie stars show up over and over again on our list of noteworthy flops. Late career formulaic action flicks starring Nicolas Cage, John Travolta, or Bruce Willis make the list more than once. So do films with Keanu Reeves, who is famous for his deadpan delivery. He brings his signature wooden acting style to roles in several films on our list, including a serial killer in