Comments:
My 4 girls will need cash.
Best, Kari
Patek Philippe for sale?
Found this on Bloomberg:
(Sorry if someone has posted this already)
It would make a lot of sense
from the perspective of the owners.
I strongly believe that the global economy will turn towards much worse. I also believe that the prices of top watch brands are totally insane and have absolutely nothing to do with costs. Let’s face it: even the finest brands producing thousands of watches per annum, are mostly machine made.
Best
Kari
+1 No one can deny a word of what you said Kari. Leave at the top of the game - Max Brand Value with max operating margins. [nt]
No message body
Interesting, I hope it’s just industry gossip...
Personally, I like the Stern family being at the helm.
Analyst speculating in what MAY happen...
I generally care little about analyst opinions however I do believe there are a number of reasons this may be on its way... however emotionally I hope nothing will come of it.... let’s see
This would be at the top of the targets list at LVMH
It would be the last big milestone for the LVMH conglomerate to finally reach equal status with Richemont in the watch field
Nope but they can certainly raise the debt
That is the answer to everything over the last century
+1 What are EU HY bonds at 3-4%...lolz! [nt]
Even Elon Musk can buy it out.. kid you not ! Plenty of fish
I like companies staying privately held as they are not beholden to shareholders' desire for short term gains.
Long term planning works well for mechanical watches meant to last for generations.
If this rumour proves true...
...that would be an earthquake to watch industry, I think.
While the rumor may be true but that analyst needs to luk at comp valuation metrics of luxury brands and get in touch with multiples...lolz [nt]
No message body
That would be a shame. I would rather Patek explore the Rolex charitable trust model.
Probably could accomplish this with some sort of recapitalization that left the Stern family with more money that many generations could reasonably spend in their constituents' lifetimes (not that I'm discounting the idle rich's ability to spend indiscriminately!).
I heard rumors about this over a year ago...
that the owners of Patek was in talks with a group of wealthy investors from the middle east about acquiring the brand. Even though Thierry Stern is the CEO, as his father was before him, I'd imagine the shares are spread out across many individuals and no single individual no longer has actual control.
Hopefully just a rumor and nothing more... 😋
But i agree with Dr. Kol about the insanity of the high end watch industry. The question the current owners should ask themselves will the money get a better return in other investments or more importantly whats more important “high returns” or “high returns and passion” 😂
yachts and to many houses doesn’t get you more happy.
yachts and to many houses doesn’t get you more happy.
It depends how much you think about the next generation.
My 4 girls will need cash.
Best, Kari
Nowadays when I pay their studies, thu might agree
but a couple of years ago when they all were teenagers, for sure not. I was enemy #2, only their mother with whom they had no contact, overperformed me.
Best, Kari