Date Posted: Tuesday 25th January 2022
Kering has announced its agreement to sell its entire stake in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current management. Combining an innovative approach to design and technical know-how, the brands have revamped their product universe, launched new iconic models, and reorganised their distribution, with the opening of directly operated stores and stronger ties with the leading watch distributors.
This transaction is in line with Kering's strategy, giving priority to the Houses with the potential to become sizable assets within the Group, and to which it can provide decisive support over time.
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