Kering Acquires Ulysse Nardin
Kering, the luxury goods conglomerate formerly known as Pinault-Printemps-Redoute (PPR), has acquired 100 percent of Swiss luxury watch brand Ulysse Nardin, an independent brand that had long been the subject of takeover rumors. Ulysse Nardin now joins the Sowind Group brands, Girard-Perregaux and Jeanrichard, in Kering’s expanding “Luxury – Watches and Jewellery” division.Scroll down to read the official press release from Kering and Ulysse Nardin, issued Wednesday, July 30.“Kering and Ulysse Nardin have signed an agreement for Kering to acquire 100% of the capital of Ulysse Nardin. The brand will join Kering's ��Luxury �C Watches and Jewellery' division, headed by Albert Bensoussan, and the management team will remain in place. The deal is subject to the consent of the competition authorities and should be finalised during the second half of 2014.“Founded by Mr Ulysse Nardin in 1846 with its roots in the nautical world, the eponymous watchmaking hous

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