Reuters is suggesting that Patek Philippe – one of the most storied and prestigious independent brands in the world – could be for sale. Analyst Zuzanna Pusz wrote that the private company could be worth $8 to $10 billion if it is sold.
“It was interesting to hear in the corridors of the Geneva watch salon that a potential sale of the high-end watch brand Patek Philippe could be approaching soon,” Pusz wrote.
Patek declined to comment but the company – one of the last independent watch makers in the world – could benefit from the synergy associated with Swatch Group or LVMH partnering with the century-old brand.
Thank you for reading this WristWatchReview post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
WristWatchReview is one of the few remaining truly independent watch news outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent watch sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis. We don't play the games the other sites play and we've paid for it when it comes to ad revenue.
We would love for you to support us on Patreon and every little bit helps. Thank you.
–The WWR Team