Kering Acquires Ulysse Nardin
An innovative watchmaking business built on outstanding tradition and manufacturing expertise
∞ One of the few Swiss watchmakers to have its own production capacity for critical watch components, particularly regulating systems
∞ A highly profitable company with solid prospects for growth
∞ Great synergies with the Kering 'Luxury Watches and Jewellery' division
Paris (France) Le Locle (Switzerland). 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 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.