News 
Kering announced the signature of an agreement to sell its entire stake (100%) in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current management.
With a long tradition in watchmaking, Girard-Perregaux and Ulysse Nardin have continuously evolved since their acquisition by Kering, while preserving their identity. Combining an innovative approach to design and technical know-how, they 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.
The Group has supported the two Houses in their development, strengthened their positioning and ensured they have adequate resources to finance their growth. It has confidence in the management isn place to successfully pursue the work undertaken.
January 27, 2022