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Luxury Watch Maker Patek Philippe Vows To Stay Independent For Another 25 Years

After celebrating its 175th anniversary in business, Patek Philippe has vowed to stay independent for "at least another 25 years." Rolex, Chopard, Audemars Piguet and Patek Philippe are among the handful of sizable independent companies. Philippe Stern, Honorary Chairman, said "We've made all the arrangements to make sure Pateck Philippe stays independent for at least another 25 years." The watch industry has seen conslidation lately, which the likes of Kering acquiring Patek Philippe's smaller rival Ulysse Nardin back in July.