After the markets closed yesterday, luxury group Kering (previously known as PPR and the Gucci Group) sent out the announcement that it had acquired 100 percent of Ulysse Nardin as part of its quarterly report. I reported on this on Forbes at Kering (Previously PPR, Gucci Group) Acquires Ulysse Nardin
Naturally, it is hard to understand the background behind such a takeover without talking to someone from the company. Takeovers are a common occurrence in today’s watch world, a seemingly necessary way of doing big business. In my long experience there are times this can work out well, and times it doesn’t work out so well. This has a lot to do with how similar the visions of the two companies merging are.