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Patek Philippe

Luxury

Can Baselworld Catch Up With the Times?

The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.

Luxury

Can Baselworld Catch Up With the Times?

The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.


Luxury

Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales

Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.

Luxury

Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales

Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.


News & Analysis

Patek Philippe Chairman Says Company Is Not for Sale

The Stern family, which has owned the Swiss Watchmaker for four generations, has no plans of changing ownership.

News & Analysis

Patek Philippe Chairman Says Company Is Not for Sale

The Stern family, which has owned the Swiss Watchmaker for four generations, has no plans of changing ownership.


News & Analysis

Patek Philippe Watchmaker May Come Up for Sale

The Swiss watchmaker could fetch as much as $10 billion, according to industry observers.

News & Analysis

Patek Philippe Watchmaker May Come Up for Sale

The Swiss watchmaker could fetch as much as $10 billion, according to industry observers.


Luxury

Patek Philippe Says Chinese Demand Still Rising

President Thierry Stern said the Chinese were likely buying more at home due to worries about issues such as stricter border controls.

Luxury

Patek Philippe Says Chinese Demand Still Rising

President Thierry Stern said the Chinese were likely buying more at home due to worries about issues such as stricter border controls.


News & Analysis

The Vintage Watch Boom

After a series of record sales in 2015, expectations are high for this year’s vintage watch auctions.

News & Analysis

The Vintage Watch Boom

After a series of record sales in 2015, expectations are high for this year’s vintage watch auctions.


Financial Markets

A Pricing Conundrum

The Savigny Luxury Index (“SLI”) fell sharply this month, losing more than two percent, driven by disappointing first quarter results.

Financial Markets

A Pricing Conundrum

The Savigny Luxury Index (“SLI”) fell sharply this month, losing more than two percent, driven by disappointing first quarter results.


Financial Markets

All Systems Go

The Savigny Luxury Index (“SLI”) continues its rise, progressing by two and half percent in March.

Financial Markets

All Systems Go

The Savigny Luxury Index (“SLI”) continues its rise, progressing by two and half percent in March.


News & Analysis

Patek Philippe $2.5 Million Watch Sells Out

Patek Philippe’s $2.5 million Grandmaster Chime watches sold out just months after they debuted, a sign of the buoyancy at the top of the luxury-goods market as buyers paid as much for a timepiece as they could have spent on a yacht.

News & Analysis

Patek Philippe $2.5 Million Watch Sells Out

Patek Philippe’s $2.5 million Grandmaster Chime watches sold out just months after they debuted, a sign of the buoyancy at the top of the luxury-goods market as buyers paid as much for a timepiece as they could have spent on a yacht.


News & Analysis

Patek Philippe Commits to Geneva With $440 Million Investment

Patek Philippe plans to invest 450 million Swiss francs ($440 million) in its factory in Plan-les-Ouates in Geneva, less than a year after the watchmaker’s chairman said the company may need to leave the city.

News & Analysis

Patek Philippe Commits to Geneva With $440 Million Investment

Patek Philippe plans to invest 450 million Swiss francs ($440 million) in its factory in Plan-les-Ouates in Geneva, less than a year after the watchmaker’s chairman said the company may need to leave the city.