July 1 2021
The decision comes after about five years of legal proceedings initiated by the Federation of Nautical Industries (FIN) in 2016, which challenged the contractual agreement it had with RX France that granted the latter the rights to operate the Cannes Yachting Festival until 2041.
"This is a favorable decision that we welcome because it will allow the Yachting Festival de Cannes to continue its development for the benefit of our clients. We have entered into this contract in good faith and under our stewardship, the Cannes Yachting Festival has become the largest in-water sailing event in Europe and the second largest in the world. We are particularly grateful for the support we have received from our clients, the city of Cannes and the Nice-Côte d'Azur Chamber of Commerce and Industry," explains Michel Filzi, President of RX France, who adds: "Despite the lawsuit, we have continued to innovate, increasing the international scope of the event and expanding our afloat exhibition areas by creating a new Sailing Area at Port Canto, allowing for strong development of this sector. As for the motor boats, they have been extended in the whole Old Port of Cannes. We are doing everything possible to continue to offer the French and international nautical community an exceptional experience for years to come.
"I am incredibly proud of the way the Cannes Yachting Festival has evolved. We have been in close collaboration with the French and international yachting community and in 2019 we have been rewarded as 82% of professional attendees said they were very satisfied with the show and for the French industry, this result rises to 89%" says Sylvie Ernoult event director. "Despite the context, we have worked tirelessly to ensure that the September 2021 edition will be a success with the continuation of the Espace Voile at Port Canto. Our ambition is to maintain a high satisfaction rate for our exhibitors as well as for our visitors."
The next edition of the Cannes Yachting Festival will take place from September 7 to 12, 2021.
It will welcome around 470 French and international yachting players, including 120 new companies. Afloat and on land, 560 new units from 3 to 45 meters, monohulls or multihulls, will be exhibited in the Old Port for powerboats and in the Port Canto for sailboats, of which nearly 150 will be presented in world previews.