Patek Philippe for sale?

[Fat_ninja]

Ill say again...divorce rumors. The original source is berenberg—> bloomberg

Maybe we can play telephone.

[AAP8]

Originally Posted by Fat_ninja

Ill say again...divorce rumors. The original source is berenberg—> bloomberg

Maybe we can play telephone.

If the divorce happens - you are correct the sale will 100% happen - unless his wife would rather just hold onto the equity.

[Fat_ninja]

Originally Posted by AAP8

If the divorce happens - you are correct the sale will 100% happen - unless his wife would rather just hold onto the equity.

I have to assume a big co like that can figure out how to structure this.
Maybe the wife stake goes to Private equity etc or something like a working intwrest position like AP owning a portion of Richard Mille.


But longer term...it would open up to total exit.

[Ichiran]

As some have said, Ferrari and Porsche have passed hands but their products remain irresistible. However, I can also recall SAAB, Rover, TVR and some others which have lost popularity or gone away completely after a change in ownership.

Patek makes such good watches across a spectrum of grand complications, complications, sports, ladies and dressy line, and for me, the key concern is what happens if the new management screws up? When a new team comes in, there will always be fresh questions surrounding the quality assurance, volume (which affects exclusivity), and design direction. There are just too many key areas that could go wrong.

Last but not least, I like the Stern's personal touch when it comes to dealing with their customers. They will mail a thank-you letter to your residence after every purchase, send you periodic in-house magazines, and invite you to events/dinners/hands-on. I like all these little thoughtful gestures that go beyond an already fantastic ownership experience.

[AK797]

Originally Posted by Ichiran

As some have said, Ferrari and Porsche have passed hands but their products remain irresistible. However, I can also recall SAAB, Rover, TVR and some others which have lost popularity or gone away completely after a change in ownership.

Patek makes such good watches across a spectrum of grand complications, complications, sports, ladies and dressy line, and for me, the key concern is what happens if the new management screws up? When a new team comes in, there will always be fresh questions surrounding the quality assurance, volume (which affects exclusivity), and design direction. There are just too many key areas that could go wrong...

The other thing is what will replace Patek? AP and Lange are not rightly positioned to really challenge Patek's name supremacy or range of products. Unless the new owner were to make some terrible decisions then I think Patek's position is assured.

It would be ironic if it turns out the whole problem was because you can't pass on the Patek Brand to the next generation or even the missus.

[Ichiran]

Originally Posted by AK797

The other thing is what will replace Patek? AP and Lange are not rightly positioned to really challenge Patek's name supremacy or range of products. Unless the new owner were to make some terrible decisions then I think Patek's position is assured.

It would be ironic if it turns out the whole problem was because you can't pass on the Patek Brand to the next generation or even the missus.

That's an excellent point. I have nowhere else to go if Patek turns into Hublot (no disrespect, but I just could not connect with Hublot's design language).

I'm having a terrible headache....

[Fat_ninja]

Originally Posted by Ichiran

That's an excellent point. I have nowhere else to go if Patek turns into Hublot (no disrespect, but I just could not connect with Hublot's design language).

I'm having a terrible headache....

Who-blows?