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 **Kering** is a French [[group|watch and luxury goods trust]].
-Formerly known as **PPR**, Kering changed its name in [[2013]]. More than half the group's revenue comes from [[Gucci]], but the [[2012]] purchase of the [[Sowind Group]] added watch brands [[Girard-Perregaux]] and [[JeanRichard]] along with movement manufacturing capability. Kering purchased [[Ulysse Nardin]] in [[2014]].
+Formerly known as **PPR**, Kering changed its name in [[2013]]. More than half the group's revenue comes from [[Gucci]], but the [[2012]] purchase of majority control of [[Sowind Group]] added watch brands [[Girard-Perregaux]] and [[JeanRichard]] along with movement manufacturing capability. Kering purchased [[Ulysse Nardin]] in [[2014]]. On January 24, [[2022]], it was announced that Kering would sell its entire stake in Girard-Perregaux and Ulysse Nardin to Sowind Group, though there was no change to Kering's majority ownership of the group.
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