Patek is going Boutique

[Calatrava r]

PP has recently stated many times they are committed to their dealer network. I do not see them changing this. In a down market, maintaining a lot of empty boutiques can be very costly. Plus, there is not really much savings to be had. Each boutique has its own cost of acquisition, overhead, tax and staff costs, etc. Boutiques are typically located in the priciest upscale urban centers. Let someone else pay the rent.