Kering sells Girard-Perregaux and Ulysse Nardin to their management
Kering, a global luxury group, has entered into an agreement for the sale of its entire stake (100%) in Sowind Group, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current management.
The financial impacts related to this disposal will be reported in the accounts closed on December 31, 2021. The transaction is expected to be completed by the end of the first half of 2022.
Vischer acted as Swiss counsel to the management of the Sowind group. The Vischer team was lead by partner Damien Conus (corporate/m&a, pictured).
