Thierry Stern Interview in Esquire UK

[Chiboy]

I haven't noticed this posted before but this came out earlier this month:

https://www.esquire.com/uk/design/a2...-independence/

It doesn't really sound like Patek is for sale.

[GoingPlaces]

Interesting how the company for sale news has kind of vanished. Never heard from again.

[jfriedkin]

Great Article!

[Busyboy]

Phew


Panic over

[Keldw]

For me at least, that puts the rumors to rest.


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[yoast]

I believe the for sale thing was about the divorce and the (ex) wife owning a substantial amount of stock.

[Russell996]

Originally Posted by yoast

I believe the for sale thing was about the divorce and the (ex) wife owning a substantial amount of stock.

Divorce? What divorce?

[Sonzy]

Originally Posted by Keldw

For me at least, that puts the rumors to rest.


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It’s a relief for me

[77T]

Originally Posted by Russell996

Divorce? What divorce?

There had been talk of a rumored divorce causing Stern to explore a sale.


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[Russell996]

Originally Posted by 77T

There had been talk of a rumored divorce causing Stern to explore a sale.


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I thought people had suggested that as a possible reason for needing to sell, not that it was a fact?
Seems like a case of fabricating one rumour as a reason for another fabricated rumour.

[77T]

Originally Posted by Russell996

I thought people had suggested that as a possible reason for needing to sell, not that it was a fact?
Seems like a case of fabricating one rumour as a reason for another fabricated rumour.

Yes, oftentimes the genesis of a rumored sale of a closely held private firm, or family business, is crisis. And one of the sources can be divorce (a’la Wynn Resorts). Another can be illness, fraud, etc.

So furtive minds will go through the paces to rationalize the root and spinoff myriad new rumors.

I wonder if Amazon shareholders can relate?


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[Humble michael]

Hey Chiboy, thanks for sharing a great article , james in San Antonio tx

[danestaff]

As I previously said in another thread about this

All. Publicity is great publicity, and it happened just after SIHH which means all eyes on Patek

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[Chiboy]

Originally Posted by james272

Hey Chiboy, thanks for sharing a great article , james in San Antonio tx

My pleasure! I don't have any Patek's, so I try to do what I can around here.

[Bearxj86]

What if Patek went public and the Stern family remained in control with 51% ownership?

I would buy their stock...at the right price :)

[np2016]

Great article! I love how Thierry always mentions in every article it seems no production increase in stainless steel pieces especially the nautilus. He gets how important value retention is with a Patek which is a piece of art.

[Valedictorian]

Thanks for the good read!

[AK797]

Originally Posted by 77T

There had been talk of a rumored divorce causing Stern to explore a sale.


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So he didn't hook up with his wife's sister's best friend, as is the current insta fashion, in the end.

[Ichiran]

Thanks for sharing the article.

I got excited when I read about the increase of 10 times Nautilus...

Until he continued "but it would be too dangerous, I would become a mono-product. If Patek was part of a group it would be the opposite — it would be 90 per cent Nautilus and [a message that] we don’t care about the future… but it’s not only about money".

[Passionata]

Great article , thanks for sharing it .

as a sidenote I think he got a hairtransplant and wearing lenses recently.

[Chiboy]

Originally Posted by Passionata

Great article , thanks for sharing it .

as a sidenote I think he got a hairtransplant and wearing lenses recently.

Lends credence to the "getting a divorce" rumor.

[Passionata]

Originally Posted by Chiboy

Lends credence to the "getting a divorce" rumor.

exactly my thought

[tyler1980]

Originally Posted by Russell996

I thought people had suggested that as a possible reason for needing to sell, not that it was a fact?
Seems like a case of fabricating one rumour as a reason for another fabricated rumour.

i was the one that floated that. And no i dont know. But a Rolex AD told me today heard that too... read it somewhere

https://www.rolexforums.com/showpost...76&postcount=9

[Russell996]

Originally Posted by tyler1980

i was the one that floated that. And no i dont know. But a Rolex AD told me today heard that too... read it somewhere

https://www.rolexforums.com/showpost...76&postcount=9

Is he a TRF member 😄

[tyler1980]

Originally Posted by Russell996

Is he a TRF member 😄

i have no idea... but it was super weird to hear your speculation coming back to you from an AD. Not saying other people haven't speculated the same thing, but it was funny

[Russell996]

Originally Posted by tyler1980

i have no idea... but it was super weird to hear your speculation coming back to you from an AD. Not saying other people haven't speculated the same thing, but it was funny

Read it here possibly

[Passionata]

Originally Posted by Chiboy

Lends credence to the "getting a divorce" rumor.

False fire ,the pic from 2013

https://www.gmtmag.com/en/business-n...y-stern-2.html

[Passionata]

Originally Posted by Russell996

Read it here possibly

The good news is that he replied all those silly speculations at once

[daveo5]

From the horse’s mouth. Nuff said.


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[SMD]

This interview was in the summer. It reads like they have no intention of selling, but it has no real bearing on the recent rumors that arose well after this interview was in the can.