Business News: Bulgari, Hublot, TAG Heuer and Zenith Ditch Baselworld

LVMH’s fake watch and jewelry brands – Bulgari, Hublot, TAG Heuer and Zenith – have been widely expected, and they have just announced their withdrawal from the Basel International Watch and Jewellery Show.

Once the world’s largest watch fair, Baselworld suffered a fatal blow. Rolex, Patek Philippe, Chanel, Chopard and Tudor replica announced a few days ago Withdrew from the exhibition and chose to host a new expo in Geneva. Surprisingly, the expo responded quickly and clearly to mass exiles.

However, the French luxury goods group has made the same mistake again, and its focus has been decisively moved to Geneva, which inevitably made the French luxury goods group follow suit (especially after the announcement of its firm commitment to the Basel Watch Fair), and now it It has been officially listed. With the release of LVMH, Baselworld lost all the major exhibiting brands in Hall 1 of Messe Basel, the flagship store of the Expo.

The head of the LVMH watch and jewelry brand at LVMH Watch Week, held in Dubai in January 2020, took an expedient measure due to the uncertain schedule of the exhibition. Photos – LVMH

The LVMH watch department and Bulgari issued a new statement at a press conference to “significantly weaken the representation of the Swiss watch industry, and thus inevitably reduce participation … [causing us] to withdraw to maintain [us] ‘s image And relationship “to explain their actions. With customers and media. “

The statement went on to say that what the four brands will do in Geneva has not yet been determined, and these brands will announce “their plans in the coming weeks.”

Stephane Bianchi, the head of the watch department, commented in the LVMH announcement: “We regret that we have to dedicate all our time to the Basel World Watch and Clock Show. We have to leave this event for more than 100 years … We will Make every effort to attend with other prestigious Maisons and will gather in Geneva in April 2021 … “

Bvlgari CEO Jorge-Christophe Babin has a similar view. He is the first person to withdraw from the Basel Watch Fair 2020 due to a coronavirus pandemic. He said: “The concentration of the entire Swiss cheap watch industry in one place … is a major opportunity for revitalization. All divisions and interests of this department have diminished. We look forward to traveling to Geneva in April 2021, although we still need to define us The terms of participation will be clearly defined in the coming weeks. “