Kering acquires the fine watchmaking brand Ulysse Nardin |

  • An cutting-edge manufacture improved an impressive heritage and also commercial expertise
  • One of the uncommon Swiss enjoy makers to have its very own manufacturing abilities for critical watch parts, particularly managing body organs
  • An extremely rewarding business with strong development potential customers
  • Strong harmonies with Kering’s “Luxury – Watches and Jewelry” department

Paris, France) – Le Locle (Switzerland). Kering and also Ulysse Nardin introduce that they have actually authorized a contract for the procurement by Kering of 100% of the funding ofUlysse Nardin The brand will certainly sign up with Kering’s “Luxury – Watches and Jewelry” department, headed by Albert Bensoussan, and also the present administration group will certainly stay in position. The deal undergoes the authorization of the competitors authorities and also must be completed throughout the 2nd fifty percent of 2014.

Founded in 1846 by Ulysse Nardin and also secured in the aquatic globe, the eponymous watchmaking home was taken control of and also relaunched in 1983 by Rolf W. Schnyder to make it a business with high productivity and also an extremely healthy and balanced economic scenario. It gain from a solid brand identification which is based upon its historic proficiency in aquatic chronometers and also significant problems. Ulysse Nardin has actually long been just one of the most cutting-edge independent makes. The brand was a leader in the use progressive innovations and also sophisticated products such as silicon, which today permits it to have the essential expertise, specifically in regards to managing body organs, to generate its very own parts. Its variety of watches, really constant and also located in expanding cost sectors, and also its reliable circulation network are additionally significant properties. This structuring procurement permits Kering to reinforce its “Luxury – Watches and Jewelry” department with a gamer with a solid positioning, corresponding to its various other brand names

Beyond Ulysse Nardin’s potential customers for geographical growth, specifically in Asia-Pacific, various harmonies connected to Ulysse Nardin’s technological and also commercial proficiency and also its superb circulation system might be released, aiding to speed up the development of the whole department.

Fran çois-Henri Pinault, Chairman and also Chief Executive Officer of Kering, proclaimed:” Ulysse Nardin gain from an extremely abundant heritage, high productivity and also strong development potential customers. Independent enjoy makers are uncommon; it is a possibility that we needed to confiscate, specifically given that this structuring procurement will certainly permit us to execute various harmonies with our existing brand names. We have terrific passions for this home and also we will certainly aid it to proceed its worldwide growth while holding to its origins and also to its identification. In this respect, I enjoy that Mrs Schnyder has actually consented to stay a participant of the Board ofDirectors I have actually appreciated Ulysse Nardin for a very long time and also I am happy that this brand is joining our ‘Luxury – Watches and also Jewelry’ department.

Ms Chai Schnyder, Chairman of the Board of Directors of Ulysse Nardin, proclaimed:” Joining Kering is a possibility forUlysse Nardin This will certainly permit the brand to proceed its worldwide growth and also to remain to introduce while continuing its expertise and also maintaining its identification. I am happy that Ulysse Nardin has actually discovered the finest companion in Kering.“?

Kering acquires Ulysse Nardin

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