[5][6] In February 2023 Princess Yachts was sold to KPS Capital Partners an American Investment company.

[7] Princess Yachts operates in 119 countries and employs over 2,800 people worldwide (down alot due to recent redundacies),[8] whilst their shipyards cover a combined area of over 1.1 million square feet.

Princess also collaborated with Italian design house, Pininfarina to create the R Class' carbon-fibre monocoque hull, enhancing the boat's aerodynamics.

During its development stage, the R Class was covered in dazzle camouflage to confuse the eye and help conceal its design from competitors.

The camouflage was created by Katie Sheppard, a student at the Plymouth College of Art, who won a competition to design the pattern.