The French luxury conglomerate Kering (previously PPR), a world leader in apparel and accessories, has successfully completed its previously announced acquisition of Ulysse Nardin, a Swiss luxury watchmaker with an outstanding tradition and unique manufacturing expertise, from its former owners.

Bär & Karrer acted as legal advisor to the sellers in the transaction. The Bär & Karrer team included Christoph Neeracher, Till Spillmann, Thomas Rohde, Philippe Seiler, Vincent Guignet (all M&A), Markus Wang (IP), Raoul Stocker, Raphael Annasohn (both Tax), as well as Mani Reinert and Cäcilia Lachenmeier (both Merger Control).