Connect with us

Headlines

Baselworld Loses Rolex, Patek Philippe, Chanel, Chopard and Tudor; Brands Plan New Show

The new event would be held in April 2021.

mm

Published

on

Five major watch brands jointly announced that they won’t be participating in the Baselworld trade show in 2021.

Instead, Rolex, its sister brand Tudor, Patek Philippe, Chanel and Chopard are planning their own show with the Fondation de la Haute Horlogerie.

The announcement, distributed by Rolex, follows controversy over refunds for Baselworld 2020, which was canceled due to the COVID-19 crisis, SJX reports.

The new show would be held in April 2021 at the Geneva Palexpo with Watches & Wonders Geneva. The event has not yet been named.

Rolex CEO Jean-Frederic Dufour said in the announcement: “We have taken part in Baselworld since 1939. Unfortunately, given the way the event has evolved and the recent decisions made by MCH Group, and in spite of the great attachment we had to this watch show, we have decided to withdraw. Following discussions initiated by Rolex, it seemed only natural to create a new event with partners that share our vision and our endless, unwavering support for the Swiss watchmaking sector. This will allow us to present our new watches in line with our needs and expectations, to join forces and better defend the interests of the industry.”

Advertisement

Advertisement

SPONSORED VIDEO

He Doubled His Sales Goals with Wilkerson

John Matthews, owner of John Michael Matthews Fine Jewelry in Vero Beach, Florida, is a planner. As an IJO member jeweler, he knew he needed an exit strategy if he ever wanted to g the kind of retirement he deserved. He asked around and the answers all seemed to point to one solution: Wilkerson. He talked to Rick Hayes, Wilkerson president, and took his time before making a final decision. He’d heard Wilkerson knew their way around a going out of business sale. But, he says, “he didn’t realize how good it was going to be.” Sales goals were “ambitious,” but even Matthews was pleasantly surprised. “It looks like we’re going to double that.”

Promoted Headlines

Most Popular