Gucci owner Kering is mulling a sale of its underperforming watch brands Girard-Perregaux and Ulysse Nardin, according to several industry sources. Already, the group has discreetly tested investors’ appetite. Earlier this year, Kering approached several potential buyers, including Swiss luxury group Richemont and a private Italian investor.
Both walked away, the sources said.
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Comment l’industrie du luxe et de la mode, quasi-inexistante il y a quarante ans, est
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Author and journalist Astrid Wendlandt conducted a four-year investigation vinto the
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