PATEK PHILIPPE avoid Eastern Europe in their development plans

Patek Philippe has recently confirmed for CPP that the expansion strategy does not include countries in the Eastern European markets, at least no sooner than 2011. Not only the international crisis, but also lack of international distributors might cause this decision. Patek is specialized on luxury watches and accesories, considered to be a representative brand for these luxury segments. In the region, Patek are only present in Prague and Moscow.