Business · Companies · 4 hrs ago
Patek Philippe owner buys Cologny villa for 38 million francs
Thierry Stern has bought a villa for 38 million francs in Cologny, a wealthy suburb of Geneva, Switzerland.
Stern is the owner and president of Patek Philippe, the Swiss watchmaker he has led since 2009.
The property has two buildings, more than 500 square metres of living space and a plot exceeding 5,600 square metres.
The purchase is less than one per cent of the family fortune, estimated at 6.5 billion francs.
Patek Philippe keeps its watches scarce, and the brand has held up during a downturn in the watch industry while some rivals face falling demand.
The sources give no details about what Stern plans to do next with the property.
Patek Philippe owner Thierry Stern bought a villa in Cologny for 38 million Swiss francs.
The property is on Chemin de Ruth, in a wealthy suburb of Geneva.
It includes two buildings with more than 500 square metres of living space on a plot exceeding 5,600 square metres.
The seller was Thierry Halff, a board member of Maus Frères.
Stern has led Patek Philippe since 2009, according to the article.
- Who
- Thierry Stern, owner and president of Patek Philippe, bought the villa from Thierry Halff.
- What
- Stern bought a villa for 38 million Swiss francs.
- When
- Not stated.
- Where
- Chemin de Ruth in Cologny, a suburb of Geneva, Switzerland.
- Why
- Not stated.
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- Buyer
- Thierry Stern
- Price
- 38 million Swiss francs
- Location
- Chemin de Ruth, Cologny
- Living space
- More than 500 square metres across two buildings
- Plot
- More than 5,600 square metres
- Seller
- Thierry Halff