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A sale of Kering’s watches is in the works

By Astrid Wendlandt
11 July 2021
A management buy-out of Kering’s watch unit is in the works
Patrick Pruniaux, CEO of Ulysse Nardin and Girard-Perregaux, is actively working on a management buy-out (MBO) of the watchmakers, both part of French luxury goods group Kering, several industry sources told Miss Tweed. The timing would be propitious for Pruniaux. As the pandemic is easing, discretionary spending is on the rise. Luxury watch sales are picking up.

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A Year in the News 2022-2023 is a compilation of Miss Tweed's stories published during its third year. Like the second yearbook, it is a limited edition. Hence, it is a collector's item. It's designed to celebrate the work of illustrator Claire Laude. Each illustration runs next to the first two paragraphs of the story. It does not contain the entire story.

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