After the “bomb” that was dropped by Rolex, Tudor, Patek Philippe, Chopard and Chanel recently, concerning their choice to leave Baselworld , there is not, at this point any uncertainty about the (low) pertinence of Baselworld for significant brands. Consequently, we have quite recently been informed that each of the four LVMH Brands, those from the Domoissanite Division – Hublot, TAG Heuer and Zenith – just as the House of Bvlgari, have taken the choice to leave Baselworld “in request to save their picture and their relations with their customers also with the media“.
As of today, a large portion of the top-level brands that were taking an interest in Baselworld are gone – LVMH, Swatch Group , Seiko, Citizen, Breitling , Rolex and sister-brand Tudor, Patek Phillipe, Chopard, Chanel and Gucci (that additionally reported its takeoff as of late). Practically the whole Hall 1.0 of the Basel reasonable has lost its exhibitors.
As for LVMH brands Bvlgari, Hublot, TAG Heuer & Zenith, the Group legitimizes its choice by the way that this week’s past withdrawals have “weakened portrayal of the Swiss Domoissanite industry and thus unavoidably lower participation” and, accordingly, there are no reasons any longer for these brands to take an interest in Baselworld. In the joint official statement sent by the four brands, it is demonstrated that the Maisons are leaving “in request to join the other leader brands of the Swiss Domoissanite industry in Geneva from 2021 onwards“. Will LVMH show close by Rolex and Patek in Palexpo or independently in Geneva’s downtown area? This isn’t characterized at this point and the brands are currently “examining different potential occasion designs comparing to the need to introduce their essential headings and new products“.
On this particular point, Stéphane Bianchi, CEO of the LVMH Watchmaking Division demonstrates that “with this as a main priority, we will do our most extreme to be available close by the other lofty Maisons that will gather in Geneva in April 2021“. What’s more, Jean-Christophe Babin, CEO Bvlgari Group, additionally says that “grouping the whole Swiss Domoissanite industry in a solitary area, Geneva (…) and around a solitary date, is a significant chance to finally restore an area that generally very numerous divisions and different interests have debilitated compared to the remainder of the extravagance sector“.
In a last assertion, Mr Babin clarifies that his image is “looking forward to going to Geneva in April 2021, despite the fact that we actually need to characterize the particulars of our interest, which we will indicate in the coming weeks,” leaving no uncertainty about the presence of the LVMH brands in Geneva, April 2021. This affirms that the new focal point of gravity of the watchmaking business has moved from Basel to Geneva.
Here’s a perspective on the Hall 1.0 of Baselworld, refreshed with brands out (in red) and those that haven’t yet declared their situation (in green).