FRAMII
2669
Hopefully just a rumor and nothing more... đ
Jan 21, 2019,07:43 AM
But i agree with Dr. Kol about the insanity of the high end watch industry. The question the current owners should ask themselves will the money get a better return in other investments or more importantly whats more important âhigh returnsâ or âhigh returns and passionâ đ
yachts and to many houses doesnât get you more happy.
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Patek Philippe for sale?
By: ronhan : January 21st, 2019-05:43
Found this on Bloomberg: (Sorry if someone has posted this already) ...
It would make a lot of sense
By: dr.kol : January 21st, 2019-05:53
from the perspective of the owners. I strongly believe that the global economy will turn towards much worse. I also believe that the prices of top watch brands are totally insane and have absolutely nothing to do with costs. Letâs face it: even the finest...
+1 [nt]
By: Langeholic : January 21st, 2019-06:18
+1 [nt]
By: Passionata_george : January 21st, 2019-09:59
Hope
By: @openworked : January 21st, 2019-05:59
I do hope itâs only rumours...
Analyst speculating in what MAY happen...
By: keks : January 21st, 2019-06:03
I generally care little about analyst opinions however I do believe there are a number of reasons this may be on its way... however emotionally I hope nothing will come of it.... letâs see
+1 [nt]
By: ChristianDK : January 21st, 2019-22:02
Agree [nt]
By: ChristianDK : January 21st, 2019-22:04
I heard rumors about this over a year ago...
By: w220 : January 21st, 2019-07:12
that the owners of Patek was in talks with a group of wealthy investors from the middle east about acquiring the brand. Even though Thierry Stern is the CEO, as his father was before him, I'd imagine the shares are spread out across many individuals and n...
Hopefully just a rumor and nothing more... đ
By: FRAMII : January 21st, 2019-07:43
But i agree with Dr. Kol about the insanity of the high end watch industry. The question the current owners should ask themselves will the money get a better return in other investments or more importantly whats more important âhigh returnsâ or âhigh retu...
Nowadays when I pay their studies, thu might agree
By: dr.kol : January 21st, 2019-10:42
but a couple of years ago when they all were teenagers, for sure not. I was enemy #2, only their mother with whom they had no contact, overperformed me. Best, Kari
You were outnumbered!
By: Spangles - Dr. Tabby : January 21st, 2019-10:51
I've observed that drawing healthy boundaries makes for a little tension for teens, but then is rewarded when they become healthy adults.
Thatâs what I believed
By: dr.kol : January 21st, 2019-11:07
and now there are three well balanced chicks; one futire teacher and two MD. Being a parent is not an easy job. A single father for three girls give a place in Heaven. Thatâs because Hell was already seen in earth. Okay, it wasât that bad but letâs call i...
it depends how you look at it
By: benzng : January 22nd, 2019-00:37
one can say, Thierry should continue the tradition of handing over the business to his son/daughter but then if you are given $$$ who is to say No? A business if you can make it bigger will have a better valuation than selling it say at present.
I have seen too many cases
By: dr.kol : January 22nd, 2019-04:04
when the next generation was not interested or capable. Money is money and somebody inheriting tons of it, can always find a capable asset manager. I believe in the meltdown of global economies. I also believe that the watch hype is soon over. At some sta...
+1 [nt]
By: 1WatchMan : January 21st, 2019-15:51
Further off topic
By: xxn : January 21st, 2019-10:44
Thierry always carries himself with humility and is very much likeable, unlike a certain other âceoâ that made a fool of himself recently!
very thin story. I dont see how this would make sense anytime soon
By: nitediver : January 21st, 2019-12:28
If the Stern family has children in their teens, it is very likely they will wait with such a decision until it is clear whether one of their children has an interest to work in the company, and to eventually lead it same as their father and grandfather. ...
I do not believe the Stern family will sell PP
By: drphileasfogg : January 21st, 2019-12:40
It is not about money. Maybe they got an offer from some brand. I remember an interview where the question popped up, and Mr T. Stern mentioned he got few offers in the past (they can always try). Interestingly, the question of his children taking on the ...
+1 [nt]
By: ChristianDK : January 27th, 2019-23:49
If Patek sells
By: watch-er : January 21st, 2019-12:50
the writing is on the wall for the Swiss Watch industry as people continue the steady relentless transition to cell phones for the time. The artificial reductions in supply of product from Patek and Rolex can only mask the reality for so long. If you look...
I like him
By: Poky : January 21st, 2019-12:56
There seems to be something genuine about him, whether true or not. It will not be good for the brand. Things are not great for the service department as they are, I can't imagine they will improve with something similar to Richemont.
Interesting article whether it is rumour or not!
By: eklektik : January 21st, 2019-14:05
Surprised to see market value of PP being ten times more than Breitling. I agree with 's statement on price vs. value (watches being made in serial mode by CNC machine that must not differ much from one workshop to another). It stays a luxury industry whe...
Patek marketing publicity stunt!
By: rip9er : January 22nd, 2019-00:21
From past interviews the company seams to be self funded and in no way show any financial problems even if thereâs a crash. Selling out probably wouldnât make them any richer since thereâs nothing to buy or invest in with proper returns. Whatâs not to lik...
Indirect?
By: JBB : January 22nd, 2019-22:38
If I wanted to entertain an offer, I'd be saying I had no intention to sell also. Anxious sellers don't get high prices. So, I think that "indirect denial" isn't very meaningful. I do believe it would be the end of the brand as we have known it. There's a...
My hope is...
By: Ed Watches : January 22nd, 2019-09:24
... that if Patek Philippe will indeed be sold, that our fellow member Kari acquires the company. He could pay with his own watches or ships Jokes apart, people are going nuts speculating about who the potential buyer could be. Iâve seen in other blogs na...
I too hope they stay private...
By: Chimaera : January 22nd, 2019-22:34
In the case of PP there is a clear example of the difference: Nautilus. In private hands, production is deliberately constrained notwithstanding a massive demand overhang. That is to protect the brand i.e. a long-term play. If in public hands, or those of...
I donât think PP will be sold
By: ilie.adrian : January 23rd, 2019-05:41
I really donât think this will happen. Itâs not about money on Stern family, itâs about prestige and this is not for sale!!! With PP on his own Stern family have probably the most prestigious high end luxury watch on the history of Haute Horologerie! With...
perhaps the Stern family is planning to buy it back in ten years....
By: keks : January 24th, 2019-11:16
after all they bought the company in 1932 after the great recession when it was effectively bankrupt.... perhaps Thierry is foreseeing another great recession so taking money off table now only to buy it back for less later, say in ten years in the meanti...