Business · Companies · 2 hrs ago

Patek Philippe chief buys Cologny villa for 38 million francs

Patek Philippe chief buys Cologny villa for 38 million francs

Thierry Stern, head of Patek Philippe, has bought a villa in Cologny, near Geneva, for 38 million francs.

The property has two buildings on a 5,628-square-metre plot.

The seller was Thierry Halff, vice-president of Maus Frères, which owns Manor and Lacoste.

Cologny is a sought-after area where former tennis player Henri Leconte and billionaire Patrick Drahi have lived.

Stern already owns several properties in Geneva, including the Auberge du Lion d’Or in Cologny.

The purchase adds to his property investments in the area.

No further plans for the villa were given.

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