Swatch Confirms Permanent Withdrawal from Baselworld Watch Fair

BIEL, Switzerland - Swatch Group chief executive Nick Hayek said Switzerland's largest watchmaker has no plans to return to Baselworld in coming years, raising the risk that the industry's largest annual fair may become obsolete Switzerland's watch fairs, which include Baselworld and the Geneva watch salon, are trying to stay alive as big-name attendees such as Audemars Piguet pull out MCH Group, which organises Baselworld, fell as much as 3 percent Thursday.

The conference organiser came under massive pressure after Swatch and others decided to ditch this year's fair, and has since been trying to win attendees back Hayek said in July Swatch wouldn't attend Baselworld this year but it was unclear whether the decision meant the watchmaker would never return Hong Kong in recent years stopped having an annual Watches & Wonders fair.

The organisers of Baselworld and the Geneva salon have decided to coordinate the schedules of next year's shows, previously held several months apart, to accommodate visitors who otherwise would have to have to fly to Switzerland twice. . Source