telegraph.co.uk
18.06.2020 / 09:11
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Why the release of the first Patek Philippe in 2020 is a good sign for the watch industry
Patek Philippe’s Plan-les-Ouates manufacturing facility in 2015, stories of increased production permeated through the watch industry. However, Patek’s owners, the Stern family, quickly put paid to those rumours, saying that the decision to strengthen the brand’s presence in Geneva was based solely on the need to increase integration and strengthen in-house capabilities in regards to innovation, artisanal craftsmanship, service and training.The Genevan suburb, today known as ‘Plan-les-Watches’, has been home to Patek Philippe since the 1990s, when the then company president, Philippe Stern, chose to build his revolutionary manufacturing site there.