Patek Philippe sales growth outpaces Rolex & AP
Patek Philippe has achieved remarkable sales growth in the UK, with a turnover increase of 12.4% to £360 million for the fiscal year ending January 31, 2025, outperforming both Rolex and Audemars Piguet, which saw only a 2.4% and 7% rise in sales, respectively. Despite the broader economic challenges, Patek Philippe's financial results reflect strong demand for its products, particularly higher-value items, and the company's Bond Street boutique expansion contributed to a 7.5% rise in its turnover. Looking ahead, Patek Philippe anticipates that its significant investment in the boutique will further bolster its performance in the current financial year, as inventory value surged from £8 million to £21 million by the end of January 2025.
