500 mil­lion Swiss francs

Adore Gems & Timepieces - - SCOOP NEWS -

That’s the amount Patek Philippe in­vested in to ex­pand its man­u­fac­tur­ing site in Plan­les-Ou­ates. Slated for a 2018 com­ple­tion, the ren­o­va­tion works will see the ad­di­tion of a new build­ing to the premises, with the aim of pro­vid­ing more space for new busi­ness ac­tiv­i­ties and the trans­fer of watch­mak­ing ex­per­tise.

The brand will also be creat­ing a new “Rare Hand­crafts” depart­ment that in­cludes a train­ing cen­tre ded­i­cated to pass­ing on the fam­ily com­pany’s rare ar­ti­san skills to crafts­men.

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