A surprise report by Bloomberg’s Corinne Gretler, which was published earlier today, cites a report by analysts at Berenberg that Patek Philippe may be for sale. Obviously, if true, this would be the single largest piece of business news coming out of Switzerland’s watch industry in a very, very long time – Patek Philippe is owned and directed by the Stern family, with the company’s president, Thierry Stern, having in recent years taken over the reins from his father Philippe. Speculation about if and when the Stern family might sell has been a staple of idle gossip in watch industry and watch enthusiast circles for many years, but if the company were to be sold, it would obviously command a premium (as do its watches) and would almost certainly dramatically change the company’s perceived character among collectors and enthusiasts.
from Best Watches For Men http://bit.ly/2RVYgLi