Watches
The New Signs of Life for Girard Perregaux and Ulysse Nardin
- Girard Perregaux and Ulysse Nardin to return to profit: CEO
- Watch brands left Kering in management-led buyout this year
Swiss watch brands Girard Perregaux and Ulysse Nardin will soon return to profitability after posting significant sales increases following a management-led buyout of the brands from luxury group Kering SA, according to the boss of both marques.
The brands are enjoying a boost in popularity that has seen sales rise more than 40% by value, said Patrick Pruniaux, the chairman and chief executive officer of the Sowind Group, which owns them both.