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Article: PPR AND GIRARD-PERREGAUX SIGN A LONG-TERM STRATEGIC PARTNERSHIP.
- Article from:
- AsiaPulse News
- Article date:
- June 20, 2008
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MEDIA RELEASE PR30654
PPR and Girard-Perregaux Sign a Long-Term Strategic Partnership
PARIS, June 20 /PRNewswire-AsiaNet/ --
PPR announced the signature of a long-term strategic partnership with the Sowind Group, a Swiss holding company based in La Chaux de Fonds headed by Luigi Macaluso. The Sowind Group includes the Haute Horlogerie brands Girard-Perregaux and JeanRichard, a Research and Development Centre, as well as Sowind Manufacture, maker of high-end watch movements. Under the partnership, PPR will own a 23% interest in the Sowind Group, with the possibility of increasing its stake ...