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When French yacht builder Francis Lapp presented his first catamaran at the Monaco Yacht Show two decades ago, it went unnoticed.
Catamarans were already popular at the time, because they are stable and have a low draft that allows sailing in shallow waters; but their pricing and design were squarely aimed at middle-class buyers. The world’s richest sailing aficionados avoided a category of boats that came conspicuously without the luxury finishings they were seeking.
Lapp, an…
