Swatch Group announced to quit the Baselworld this July, which gave a serious shock to Baselworld. Then several small watch brands have left it following the steps of Swatch. It was said that the CEO of MCH Group quit the job. It means that we will not see precise copy Omega watch, Blancpain, Tissot, Longines and so on the exhibition next year.
Why do these brands quit the exhibition? According to Swatch Group official, one of the most important reasons is that the cost of accommodation and food during the exhibition was too high, which greatly increased the cost of participation. The exhibitor started to solve this problem recently in order to recover the situation. It set four standards for the local hotels including setting price ceiling, limiting price fluctuations; canceling minimum consumption and prohibiting mandatory extra consumption. The Baselworld announced to the public that there was 40 hotels signing agreements with them and four standards would be observed.
The Baselworld 2019 will be held from March 20th to 26th, and there’s not enough time for the exhibitor. If the situation of high cost for the participation hasn’t been improved,will there be more brands to quit the exhibition? However, for watch lovers, the most important thing is that they will have the opportunity to enjoy the luxury knockoff watches.