The Geneva-based jewellery design and gem-setting firm Salanitro SA announced today that Patek Philippe SA has acquired a stake in its capital. Much more than a partnership, this acquisition of a stake in the company symbolises the coming together of two independent Geneva-based family businesses.
“We believe that this is a great opportunity to contribute to securing the future as well as the continuity of a Geneva-based family business to which we are close, and with which we share the same values of excellence, independence and family spirit. We are delighted to further strengthen our ties with Pierre Salanitro. His well-run business is ideally positioned to continue to grow and develop its production capacity in the jewellery watch segment, which offers significant potential for development.” Commented, Thierry Stern.
Salanitro SA, the Swiss leader in jewellery creation and stone setting in the world of Haute Horlogerie, has been based in Geneva since its creation more than thirty years ago; and as a firm that works for the most prestigious brands, Salanitro has always favoured creativity, innovation, quality and craftsmanship, respect for tradition, service and a sense of responsibility towards its customers, as well as independence and a family spirit.
These are all values shared with Patek Philippe, whose objective is not only to engage with Salanitro SA as a partner for the long term, but above all to support and safeguard the company’sfuture, so that it may forge ahead with confidence and continuity, beyond generations.
Pierre Salanitro added: “I am very proud and delighted that Patek Philippe has acquired a stake in my company. Patek Philippe is an emblematic Manufacture that represents the ideal partner for securing the firm’s future. I have great confidence in Thierry Stern and his team to continue our activities and guarantee jobs beyond generations.”
While Patek Philippe has always sought out the best partners in their field, the creative passion for watchmaking and the long-standing friendship and trust between Pierre Salanitro and Thierry Stern, as well as their children, played an important role in bringing the two companies together.