Swiss watchmaker Patek Philippe might come up for sale, according to different news outlets.
The source of the rumors seems to be note by Berenberg's Zuzanna Pusz.
If there is merit to the reports, I believe that Patek Philippe would be a suitable acquisition target for LVMH SE, given the company's current portfolio of watch brands.
I believe that the company would be in an advantageous position to acquire Patek Philippe due to its size and financial strength.
A bidding war seems likely as the chance to acquire a unique brand like Patek Philippe most certainly will attract a range of interested buyers.
Recently, it has been reported by several news outlets, that Swiss watchmaker Patek Philippe might come up for sale. The source seems to be a note by an analyst with Berenberg private bank. It should