Philippe Stern, honorary president of Patek Philippe and father of current president Thierry Stern, passed away on June 14 at 88. He led the company as managing director and president from 1977 to 2009, expertly guiding it through the challenging quartz crisis and championing Swiss mechanical watchmaking. Stern was instrumental in consolidating workshops, inaugurating the Patek Philippe Museum, and launching iconic models like the Nautilus and the record-breaking Caliber 89. He was a celebrated sailor, winning the Bol d'Or seven times. His legacy as a gifted industrialist and visionary leader is profound.
Carol Besler is a Contributor at Forbes and several other prestigious publications. She specializes in luxury watches and jewelry, frequently covering themes related to the fashion industry, beauty, and the arts. Her work has been featured in notable outlets such as The Epoch Times, Bloomberg, and Robb Report, among others.