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Kering M&A Activity 2022

May 31, 2022

1459_iss_2022-05-31_b5b98886-ceaf-4d89-979f-47d2f2aaaf2e.pdf

M&A Activity

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PRESS RELEASE

May 31, 2022

KERING COMPLETES THE SALE OF GIRARD-PERREGAUX AND ULYSSE NARDIN

Kering today announced that it has completed the sale of its entire stake (100%) in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current management, in accordance with the terms announced on January 24, 2022.

About Kering

A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, as well as Kering Eyewear. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow's Luxury in a sustainable and responsible way. We capture these beliefs in our signature: "Empowering Imagination". In 2021, Kering had over 42,000 employees and revenue of €17.6 billion.

Contacts

Press
Emilie Gargatte	+33 (0)1 45 64 61 20	[email protected]
Marie de Montreynaud	+33 (0)1 45 64 62 53	[email protected]
Analysts/investors
Claire Roblet	+33 (0)1 45 64 61 49	[email protected]
Laura Levy	+33 (0)1 45 64 60 45	[email protected]

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