...It has emerged that LVMH has purchased Patek Philippe from the Stern family.
CEO Jean-Claude Biver, now head of a new division incorporating Patek, Hublot, and TAG Heuer, said at a little-reported press conference, "I am so very pleased to present this special edition. It is just one of many we intend to present in the coming year as we move Patek into a new exciting dimension. Look out soon for more big and bold watches, the best ever smart watch, collaborations with your favourite sports teams and automotive manufactures, and thousands of new colour and material combinations!"
Bernard Arnault took a break from rolling around the stage laughing with glee to exult in having beat the Richemont and Swatch groups to the prize following humiliation at the hands of the Hermes family.
Rumours that customer complaints stemming from long service times would be dealt with by using Unico movements in Patek watches remain unconfirmed.
;-)
Best
E.