It would seem that Patrick Pruniaux has managed to round up some banks to back the somewhat drawn out management buyout of the two brands from parent company Kering.
For the original (in French) please direct yourself to the link below –
https://www.letemps.ch/economie/ulysse-nardin-girardperregaux-retrouvent-independance
See also some coverage from Reuters –
https://www.reuters.com/world/europe/luxury-goods-group-kering-sell-girard-perregaux-ulysse-nardin-divisions-2022-01-24/
James
James founded Tempus Fugit in 2010 as one of the few blogs written by someone who had actually worked in the watch industry. He has been involved in the watch world, in one way or another, for over 15 years. He lives with his wife and two cats in Salem, MA.