WatchProSite|Market|Digest

Patek Philippe

Patrick has brought an element of answer

 

and I think the volumes are also an important criteria to take into account. The higher the volumes, the more difficult it is to face the wide potential returns: how many are back for servicing? 60% 65% 40% ? On the volumes Patek makes a single 1% has a huge impact in terms of means to be planned.

If you add the fast growth of sales in the last 20 years, it is quite easy to understand that the brand has to face a big challenge in adapting its facilities and workforce.

I think the new 500M€ project is aiming at facing this issue.

And I see on the net troubles with other brands too by the way. However, I'm very cautious with extrapolating on a few posts about people facing a problem. We hear when people complain but not so much when they are happy (in every fields, not only watchmaking).

They have work to do but I don't think we can say they don't care.

Cheers, Mark

Locked login to reply