×
144
Fashion Jobs
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
TECHNOVALUE SOLUTIONS PVT. LTD
Senior Sales Engineer / Area Sales Manager
Permanent · Baddi
TOUCH MOBILES
Wanted Area Sales Manager - Touch Mobiles
Permanent · Khammam
OAKBRIDGE PUBLISHING PVT LTD
Area Sales Manager
Permanent · Pune
AVANTOR
sr. Account Manager- Lab Products
Permanent · Kolkata
EXTRAMARKS EDUCATION
Area Sales Manager- B2B
Permanent · Hyderabad
ERA UNIVERSITY (ERA EDUCATIONAL TRUST)
Production Manager- Lucknow
Permanent · Lucknow
RENOVATE BIOLOGICALS PVT LTD
Area Sales Manager
Permanent · Hyderabad
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
sr. Area Sales Manager / Territory Sales Manager - Fmcg Personal Care
Permanent · Purulia
MOTILAL OSWAL FINANCIAL SERVICES
Opening For Territory Manager B2B Sales - Mumbai
Permanent · Navi Mumbai
NAGA LIMITED
Manager - Production
Permanent · Dindigul
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
HDB FINANCIAL SERVICES
Sales Manager - Alternate Channel
Permanent · Salem
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Production / Plant Manager
Permanent · Ahmedabad
JIO
Territory Sales Manager - Warangal & Hannumakonda
Permanent · Hanamkonda
By
Reuters
Published
Jun 19, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Patek Philippe sales flat, could fall 15%

By
Reuters
Published
Jun 19, 2009

ZURICH, June 19 (Reuters) - Patek Philippe, one of the last major independent Geneva-based watch manufacturers, has seen resilient demand for its timepieces, but cautioned sales could fall as much as 15 percent in a worst-case scenario.


The Patek Philippe seal, a mark of authenticity on all the brand's watches

Sales until the end of May were flat, Chairman Philippe Stern was quoted as saying on Friday 19 June in an interview with Swiss newspaper L'Agefi.

"Our very beautiful watches, with added value and high complication, are still selling on 2008 levels or even better," Stern said.

Stern said, however, sales could slump as much as 12 to 15 percent in a worst-case scenario, and sales of some of its models had fallen around 10 percent so far in 2009.

Demand for Swiss watches has fallen sharply as customers worry about the economy and their jobs. Swiss watch exports slumped 24 percent in the first four months of this year.

Patek Philippe did not have any plans to cut jobs, but the group has scaled back on hiring and it has reduced its points of sale to 500 from 600 a year ago, Stern said.

A recovery was unlikely before the end of the year. "Maybe we shall see some signs of improvement by mid-2010. The recovery will be slow and minimal." (Reporting by Silke Koltrowiz and Katie Reid; editing by Simon Jessop)

© Thomson Reuters 2022 All rights reserved.