Thierry Stern
Latest News & Analysis
Luxury
Patek Philippe Is Not for Sale, Says Owner Thierry Stern
The owner and president of one of the biggest names in Swiss watchmaking said he plans to hand the multibillion-dollar business to his two sons.
Luxury
Patek Philippe Says Chinese Demand Still Rising
President Thierry Stern said the Chinese were likely buying more at home due to worries about issues such as stricter border controls.
News & Analysis
Patek Philippe $2.5 Million Watch Sells Out
Patek Philippe’s $2.5 million Grandmaster Chime watches sold out just months after they debuted, a sign of the buoyancy at the top of the luxury-goods market as buyers paid as much for a timepiece as they could have spent on a yacht.
News & Analysis
Patek Philippe Commits to Geneva With $440 Million Investment
Patek Philippe plans to invest 450 million Swiss francs ($440 million) in its factory in Plan-les-Ouates in Geneva, less than a year after the watchmaker’s chairman said the company may need to leave the city.