Businessweek
Patek Philippe’s Thierry Stern on What Comes After the Nautilus
In a candid sit-down, the boss reveals his plans for succession at the Swiss watchmaking giant, how he hunts through the secondary market to find flippers, and why he won’t sell the company.
Stern
Source: Patek Philippe
At the Watches and Wonders trade fair in Geneva, the head of the family-owned Swiss watchmaking juggernaut Patek Philippe SA sat down with Bloomberg on March 29 to discuss the future of the watch market, succession plans and a new watch he’ll soon be bringing to market. Here is the conversation with Stern, 52, edited for length and clarity.
Patek is very sheltered from the crosswinds in the broader market. Do you see the boom the industry has experienced over the past three to five years continuing, or do you see it softening?