Headlines

Baselworld Loses 3 More Brands

Lack of fresh ideas was cited as one factor.

Published

6 years ago

October 23, 2018

INSTORE Staff

Nearly three months after Swatch Group announced that it would cease participation in Baselworld, three more watch brands have stated that they’re also leaving the show, Rapaport News reports.

The brands that have pulled out for 2019 are Maurice Lacroix, Raymond Weil and Corum. Raymond Weil and Corum said the high cost of exhibiting and a lack of fresh ideas on the part of the show were at the root of their decision, according to Rapaport.

Rapaport notes that Baselworld’s organizer, MCH Group, has reduced exhibitor fees and other costs for 2019.

In July, Swatch Group said it would be ceasing its participation in Baselworld as of 2019.

That was bad news for the show in Switzerland given that Swatch owns 18 brands, from Breguet to Harry Winston to Mido, and has had what Forbes calls a “mammoth” footprint at the show. Watch industry website Hodinkee described Swatch as “the show’s largest exhibitor.”

Forbes noted at the time that Baselworld had already seen hundreds of exhibitors leave, and that the show was two days shorter 2018 than it was in previous years.

Read more at Diamonds.net

Related Topics: Baselworld trade shows watches

click to Comment(Comment)

Up Next

$100,000 in Gems and Jewelry Stolen from Mine

Don't Miss

192 US Jewelry Stores Close in Third Quarter

Looking for a Seamless Sale? Call Wilkerson

After almost 60 years in business, Breakiron Jewelers in Erie, Pennsylvania, was closing its doors. And the store’s owner, Linda Breakiron, was ready for it. She had run the store as its sole owner since the beginning of the millennium and was looking forward to a change. Of course, she called Wilkerson. Breakiron talked to other jewelers who had used Wilkerson and was satisfied with their response. “They always had positive feedback,” she recalls. With the sales, marketing and even additional inventory that Wilkerson provided, Breakiron insists she could never have accomplished her going-out-of-business sale without Wilkerson’s help. She’s now ready for the journey ahead, but looking back, she’d be sure to recommend Wilkerson. “They just made the whole process very seamless.”