Kering completes the acquisition of the haute horlogerie brand Ulysse Nardin
announced on 30 July, 2014
The Watch Quote™ - November 20th, 2014
Kering announced today that it has completed the acquisition of the haute horlogerie brand Ulysse Nardin, in accordance with the terms announced on 30 July, 2014, after having received clearance from the antitrust authorities.
About Ulysse Nardin
Swiss Watch Manufacturer Ulysse Nardin, founded in 1846, has been dedicated to excellence for over 168 years in manufacturing mechanical watches. Among the most reliable ever made, Ulysse Nardin's marine chronometers are still sought by collectors around the world. Ulysse Nardin continues to be in the forefront of watchmaking technology by pioneering new materials in manufacturing high precision movement components and most innovative timepieces equipped with in-house created and manufactured calibers.
A world leader in apparel and accessories, Kering develops an ensemble of powerful Luxury and Sport & Lifestyle brands: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Sergio Rossi, Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato, Qeelin, Puma, Volcom, Cobra, Electric and Tretorn. By ‘empowering imagination’ in the fullest sense, Kering encourages its brands to reach their potential, in the most sustainable manner.
Present in more than 120 countries, the Group generated revenues of €9.7 billion in 2013 and had more than 35,000 employees at year end. The Kering (previously PPR) share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).