patek philippe ownership | stern family patek patek philippe ownership Patek Philippe manufactures its own watch components. Like other Swiss manufacturers, the company produces mostly mechanical movements with automatic or manual winding mechanism, but has also been producing quartz watches. . See more Historical Events for the Year 1958. 1st January » The European Economic Community is established. 3rd January » The West Indies Federation is formed. 4th January » 'Sputnik .
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Patek Philippe SA is a Swiss luxury watch and clock manufacturer, located in the Canton of Geneva and the Vallée de Joux. Established in 1839, it is named after two of its founders, Antoni Patek and Adrien Philippe. Since 1932, the company has been owned by the Stern family in Switzerland and remains the last . See more
Early historyThe company traces its origins to the mid-19th century, when Polish watchmaker Antoni Patek and his Czech-born Polish business partner See moreOne of Patek Philippe's company slogans is "You never actually own a Patek Philippe. You merely look after it for the next generation." The slogan was introduced when the company launched its "Generations" . See morePatek Philippe manufactures its own watch components. Like other Swiss manufacturers, the company produces mostly mechanical movements with automatic or manual winding mechanism, but has also been producing quartz watches. . See more
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Most expensive pieces• On November 28, 2012, the Patek Philippe Star Calibre 2000 Ref. 990/1 was sold at Christie's in Hong Kong for a final price of US.28 million (HKD 25,300,000), becoming the most expensive timepiece ever auctioned in See more• Companies portal• Switzerland portal• Boule de Genève• List of watch manufacturers See more• Library of reference books on Patek Philippe watches and company - Patek Philippe website• Kepa, Marek, "Watches for Royalty", Culture.pl, July 27, 2015• Liu, Ming, "At Patek Philippe, . See more
• Official website See more Patek Philippe, like Audemars Piguet, remains independent of the big luxury .The Stern family of Switzerland has owned Patek Philippe since 1932, when Charles Stern and Jean Stern acquired the company during the Great Depression. [4] The Stern brothers' company, Fabrique de Cadrans Sterns Frères, had been a business partner of .
Patek Philippe, like Audemars Piguet, remains independent of the big luxury groups, such as Kering, LVMH and Richemont. For four generations, it has been owned by the Stern family of.
Founded in 1839, Patek Philippe is the last independent, family-owned Genevan watch manufacture. With a vibrant, uninterrupted operating history spanning nearly 180 years, the company benefits from a unique legacy of tradition and innovation. The Complicated Ownership Structure. Patek Philippe is a privately held company, with a complex ownership structure that has remained largely unchanged for over 180 years. Thierry Stern, the owner and director of Patek Philippe, explains why the prestigious Geneva-based firm produces almost all its watches in-house, while delegating sales to outside partners. Rising sales at luxury watchmaker Patek Philippe have lifted owner Philippe Stern and his family to billionaire status.
Family ownership is a key tenet of the Patek Philippe creed on which Thierry can be quite outspoken.
However, in 2000, the Gubelin Group sold Patek Philippe to the Swatch Group, a Swiss-based conglomerate that owns a portfolio of luxury watch brands, including Omega, Tissot, and Longines.
It’s apparent that Patek Philippe is more than just a company to him; it’s a legacy he must fiercely protect, even if that means disappointing some clients and going against market demands.
To join the exclusive family of Patek Philippe watch owners, please fill in the online dedicated form to register your timepiece. You join the owners’ area by providing your personal details and details about your watch.The Stern family of Switzerland has owned Patek Philippe since 1932, when Charles Stern and Jean Stern acquired the company during the Great Depression. [4] The Stern brothers' company, Fabrique de Cadrans Sterns Frères, had been a business partner of . Patek Philippe, like Audemars Piguet, remains independent of the big luxury groups, such as Kering, LVMH and Richemont. For four generations, it has been owned by the Stern family of.
Founded in 1839, Patek Philippe is the last independent, family-owned Genevan watch manufacture. With a vibrant, uninterrupted operating history spanning nearly 180 years, the company benefits from a unique legacy of tradition and innovation. The Complicated Ownership Structure. Patek Philippe is a privately held company, with a complex ownership structure that has remained largely unchanged for over 180 years. Thierry Stern, the owner and director of Patek Philippe, explains why the prestigious Geneva-based firm produces almost all its watches in-house, while delegating sales to outside partners.
Rising sales at luxury watchmaker Patek Philippe have lifted owner Philippe Stern and his family to billionaire status. Family ownership is a key tenet of the Patek Philippe creed on which Thierry can be quite outspoken. However, in 2000, the Gubelin Group sold Patek Philippe to the Swatch Group, a Swiss-based conglomerate that owns a portfolio of luxury watch brands, including Omega, Tissot, and Longines.
It’s apparent that Patek Philippe is more than just a company to him; it’s a legacy he must fiercely protect, even if that means disappointing some clients and going against market demands.
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stern family net worth
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