Connect with us

Headlines

Patek Philippe Opens $632M Manufacturing Building

To celebrate, the brand launched a limited-edition timepiece.

mm

Published

on

Patek Philippe announced the completion of its new production building in suburban Geneva and celebrated the occasion with the launch of a limited-edition timepiece.

Total investment in the building was 600 million Swiss francs, equivalent to about US $632 million.

The structure in Plan-les-Ouates will “unite all of the manufacture’s Genevan ateliers under one roof, a great advantage given the growing complexity of production operations,” according to a press release from the company.

“Moreover, it offers ample space for the rare handcrafts professionals and for basic and advanced training of the employees,” the release continued.

“With its impressive dimensions (10 floors and a length of nearly 200 meters), it expands the 1996 building complex and anticipates the manufacture’s growth in the next 20 to 30 years. The new building reasserts Patek Philippe’s Genevan roots and its confidence in the future of watchmaking artistry that perfectly melds tradition and innovation.”

The completion of the structure is being celebrated with the launch of a commemorative watch. The Ref. 6007 Calatrava in steel stands out with an exclusive design concept and will be crafted in a limited edition of 1,000 pieces, according to the company.

Advertisement

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

When Liquidation Is the Best Option, This Legendary Jeweler Chose Wilkerson

George Koueiter & Sons Jewelers, a 65-year old jewelry institution in Grosse Pointe, MI, had always been a mainstay in this suburban Detroit community. But when owners George and Paul Koueiter were ready to retire, they made the decision to close rather than sell. “We decided our best option to do the liquidation sale was Wilkerson,” says Paul Koueiter. The results, says George Koueiter, exceeded expectations and the process was easy. “Wilkerson just kept us in mind,” says George. “They never did anything without asking and whatever they asked us to do was just spot on.”

Promoted Headlines

Most Popular