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LVMH announced they are buying Tiffany today for $16.2bn. Here is a bit on the Patek angle of the Tiffany relationship: Ever since the rumor of this deal surfaced, there has been chatter within the community about what it might mean for watches – or more directly, if the transaction will change the
It’s amazing how they periodically still get back to this obsession of Patek being on sale, even after no shred of evidence was ever produced, and Mr Stern had to offer countless unequivocal denials after Bloomberg’s damaging fake news. Now the conspiracy theory is even expanding: if Patek allows Tiffany to keep co-signing its dials, maybe Patek itself is planning to sell to LVMH...🤦‍♂️🚑 I’m not sure if Tiffany will continue to co-sign Patek, but what I’m certain about is that we won’t see a Pat
North East Corner is LVMH store. South East Corner is Tiffany & Co. North West Corner is Van Cleef & Arpels (ok, technically in Bergdorf Goodman but VCA still has the door and windows on the street). South West Corner is Bulgari.
Several years ago Thierry Stern, in an interview, stated that he would like to see the brand stay private at least until it was 200 years old.
...publishes what seems like a serious rebuttal of the Bloomberg article about their sale. But who knows. I don’t believe anything from these people who dance to the sound of hard cash.
It’s a business who sells clicks. Your post echoes my thoughts.
Hodinkee is still taken seriously be many watch collectors, so I believe they have a moral obligation to maintain standards well above Bloomberg or the like. And I'm sure they understand they have much more to lose than Patek by going down this route...the last thing Hodinkee wants is to develop a reputation of "fake watch news", which would be nearly impossible to recover from. So this is obviously their decision, but I still hope they'll choose to correct that part of today's article in a time
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