According to a report from WatchPro, a professional watch industry media outlet, Swiss luxury watch manufacturer Patek Philippe is planning to cut 30% of its distributors.
WatchPro stated that some retailers and their customers had previously expressed that Patek Philippe was reducing the number of its stores, and the brand confirmed this in a recent response and provided specific details about the scale of the reduction.
In its response, Patek Philippe stated, “We confirm that Patek Philippe SA is currently working on a global restructuring of its retail distribution network, w …
