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A surprise report from Bloomberg's Corinne Gretler, released earlier in the day, quotes a report from Berenberg badysts that Patek Philippe may be for sale. Of course, if it were true, it would be the biggest economic news ever published by the Swiss watch industry – Patek Philippe is owned and run by the Stern family. The president of the company, Thierry Stern, has In recent years, he took over the reins of his father Philippe. Speculation about whether and when the Stern family could sell has been a staple of useless gossip in the watch industry and circles of watch-watching enthusiasts for many years, but if the company was sold it would obviously have a premium would almost certainly change the perceived character of the company by collectors and hobbyists.
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