Community Stories

“Watchmaker Patek May be coming up for sale” Bloomberg

Larry S
Posts
12,940
Likes
51,714
Key point ...."Stern’s wife, Sandrine, works in design at Patek Philippe. Their children are in their teens, and Patek’s chairman has said he wouldn’t push them into the business if they didn’t want to join."
 
JimInOz
Posts
16,195
Likes
34,152
Good luck trying to screw a discount on any of the following brands in the next ten years.

  • Breguet
  • Harry Winston
  • Blancpain
  • Glashütte Original
  • Jaquet Droz
  • Léon Hatot
  • Omega
  • Longines
  • Rado
  • Union Glashütte
  • Tissot
  • ck watch
  • Balmain
  • Certina
  • Mido
  • Hamilton
  • Swatch
  • Flik Flak
 
Darlinboy
Posts
8,741
Likes
69,402
Perhaps a bit early to determine what teens (or the family) will do. Also a key point - "...the analysts wrote, noting that it could be just a rumor." Or a trial balloon to flush out interest as bankers are wont to do.

Nonetheless, would end quite a long history of family ownership, and most likely end up in the hands of a large corporate entity.
 
KingCrouchy
Posts
1,502
Likes
5,696
I find the idea interesting from a business perspective. Swatch, LMVH and Richemont would be probably really interested, and Rolex could also be a possibility. A dream for any M&A Expert working in those companies. From a watchmaking standpoint, I would find it sad seeing another family owned watch company fall in the hands of a huge corporation.
 
khanmu
Posts
1,362
Likes
11,270
Maybe we should all club together and buy it - perhaps a sliding scale for contributions, with those members with an unfair number of nice watches (looking at you @gemini4) chipping in more...
 
MCC
Posts
596
Likes
545
Interesting article although it lacks any real evidence, just speculation
 
igatomic
Posts
247
Likes
279
$8-10B? So, if we all sold all of our watches, we'd probably only need another 95-97% funding. 😀
 
Larry S
Posts
12,940
Likes
51,714
PP Subsidiary of OF LLC. I like it.
 
rcs914
Posts
2,510
Likes
3,727
I thought that $8-10B seemed low, but then I saw that Rolex is valued around the same amount, and the entire Swatch Group has a market cap of $25B so I guess I was wrong. Brand value is different than market cap of course - since both Rolex and PP are private though there isn't anything else to go on.
Edited:
 
gemini4
Posts
5,856
Likes
16,758
khanmu khanmu
Maybe we should all club together and buy it - perhaps a sliding scale for contributions, with those members with an unfair number of nice watches (looking at you @gemini4) chipping in more...

Perhaps the European socialist methodology would work best.
Cradle to grave housing, jobs, education, medical coverage, food and wristwatches.😀
 
Jerseyhammer
Posts
1,617
Likes
8,651
khanmu khanmu
Maybe we should all club together and buy it - perhaps a sliding scale for contributions, with those members with an unfair number of nice watches (looking at you @gemini4) chipping in more...
Lol good shout
 
jimmyd13
Posts
3,170
Likes
7,318
igatomic igatomic
$8-10B? So, if we all sold all of our watches, we'd probably only need another 95-97% funding. 😀
If we all put our collections up for sale, the market for watches would be so depressed you could buy Patek with luncheon vouchers.
 
khanmu
Posts
1,362
Likes
11,270
jimmyd13 jimmyd13
If we all put our collections up for sale, the market for watches would be so depressed you could buy Patek with luncheon vouchers.
Plus I’m sure we’d make the money back from all the LEs we could release - say 5 or 6 every year. As Snoopy and Mickey are taken, how about a Popeye Nautilus? He’s 90 years old this year...
 
jimmyd13
Posts
3,170
Likes
7,318
khanmu khanmu
Plus I’m sure we’d make the money back from all the LEs we could release - say 5 or 6 every year. As Snoopy and Mickey are taken, how about a Popeye Nautilus? He’s 90 years old this year...
A skeletonised and oversized black Nautilus called the Bluto?
 
Sign up or log in to reply...

Similar threads

O

New Swatch x (Swatch Group Brand) may be coming

Omega_Maaan Swatch Watches
GadgetGuy88
GadgetGuy88
Posts
80
Views
10K